India's Schneider Electric Infrastructure jumps after Q1 profit rises

Schneider Electric Infrastructure

06/08/2024 05:10

** Shares of Schneider Electric Infrastructure Ltd  SEIN.NS 
rise as much as 10.1% to 824.85 rupees
    ** Electronic equipments maker reported 38.8% rise in Q1
profit to 484.8 mln rupees
    ** Rev from ops jumped 19.7% y/y and orders increased 19%
y/y 
    ** "Good momentum in orders across all segments" - co
statement
    ** More than 469,000 shares traded as of 9:38 a.m. IST, vs
their 30-day moving avg of 312,488 shares
    ** SEIN last up 6.9%, adding to YTD gains of 95.9% so far

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))