The uptick in stock price came after the company posted a strong set of second quarter of calendar year 2024 (Q2CY24) results.

Schaeffler India zooms 7% on robust June quarter show; topline grows 15%

Schaeffler India rallied 6.01% to Rs 4,130.10 after the company reported 6.82% increase in standalone net profit to Rs 253.54 crore in Q2 CY24 as against Rs 237.2 crore posted in Q2 CY23.

Schaeffler India spurts after Q2 PAT rises 6% YoY to Rs 253 cr

Schaeffler India consolidated net profit rises 3.44% in the June 2024 quarter

Upcoming results:Larsen and Turbo, Axis Bank, Aditya Birla Sun Life AMC, Bajaj Finserv, Bajaj Holdings, Bikaji Foods, CMS Info System, Craftsman Automation, DCB Bank, Federal Bank, Go Fashion, HFCL, Indian Energy Exchange, IGL, Jindal Steel and Power, JK Paper, KPIT Tech, Karnataka Bank, Mahindra Lifespace Developers, MAS Financial Services, Oracle Financial Services, Petronet, PG ELectroplast, Hitachi Energy, Ramkrishna Forgings, SBI Life Insurance, Sona BLW Precision Forging amd Syngene International.

Stock Alert: Bajaj Finance, Hindustan Unilever, Torrent Pharma, Schaeffler India, ICICI Securities,

The company posted a PAT of Rs 237.28 crore in the year-ago period, the company said in a regulatory filing

Schaeffler India Q1 results: Net profit increases 7% to Rs 253.5 crore

The company on Tuesday said that it has launched planetary gear system (PGS) from Schaeffler’s Hosur Plant

Schaeffler India’s stock zooms on launch of gear system for hybrid vehicles

Last week's auto sector updates brought significant shifts, particularly in the earnings and corporate realms. Sona BLW showcased robust quarterly results, boasting a remarkable 19% revenue growth and industry-leading margins at 28%. Meanwhile, Exide Industries impressed with solid earnings, aligning with its strategic move to supply electric batteries to Hyundai and Kia, positioning itself as a frontrunner in India's EV battery segment. Additionally, Schaeffler India's quarterly report highlighted revenue growth and strategic restructuring, while Maruti Suzuki's earnings call shed light on margin concerns amidst promising future endeavors, drawing varied opinions from brokerage firms like Nomura and HSBC.

#marutisuzuki #autosector #schaeffler 

For more videos subscribe to our channel: https://www.youtube.com/@NDTVProfitIndia
Visit NDTV Profit for more news: https://www.ndtvprofit.com/
Don't enter the stock market unaware. Read all Research Reports here: https://www.ndtvprofit.com/research-reports

Follow NDTV Profit here
Twitter: https://twitter.com/NDTVProfitIndia , https://twitter.com/NDTVProfit
LinkedIn: https://www.linkedin.com/company/ndtvprofit
Telegram: http://t.me/ndtvprofitnews

Maruti Suzuki and Schaeffler: The Stocks That Dominated The Auto Sector This Week

The company is progressing toward being a complete motion technology one.

Schaeffler India - New Products Have Strong Potential Over The Long Term: Anand Rathi

Schaeffler India Ltd. on Monday said it will fully acquire KRSV Innovative Auto Solutions Pvt., an automotive aftermarket spare parts platform, for Rs 142.4 crore.

Schaeffler India To Fully Acquire Auto Spare Parts Platform Koovers For Rs 142.4 Crore

Sharekhan is bullish on Schaeffler India has recommended buy rating on the stock with a target price of Rs 3406 in its research report dated July 27, 2023.

Buy Schaeffler India; target of Rs 3406: Sharekhan

Schaeffler’s total revenue from operations stood at Rs 1,829 crore, up 4.6 percent from Rs 1,7489 crore in the year-ago period

Schaeffler India trades lower on tepid June quarter show

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Schaeffler India Limited is engaged in the sale of ball/roller bearings and related components and sale of machines