India's Schneider Electric Infra jumps on upbeat growth comment

Schneider Electric Infrastructure

25/04/2024 08:17

** Shares of Schneider Electric Infrastructure  SEIN.NS  
rise as much as 4.6% to day's high of 760 rupees after positive
comments from French parent on India business
    ** Schneider Electric  SCHN.PA  says, in Q1 results, India
business posted double-digit percentage growth helped by capex
investment in medium and large sized projects
    ** India ranks third in size of group revenues in energy
management business   
    ** SEIN, which makes products for electricity distribution,
up after two sessions of losses
    ** Stock has risen 84.7% YTD vs Nifty 500 index's
 .NIFTY500  6.8% climb
    

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))