Schneider Electric Share Price Soars in Recent Months
๐๐ฅ In the past few months, Schneider Electric’s infrastructure shares have seen a rapid increase. The stock has almost doubled in value so far this year, and has grown fivefold over the past 12 months. The company is benefiting from increased investment in the power sector.
Latest Trading Numbers
๐ผ๐ On the last trading day of April 10, the company’s share on the NSE closed at โน770.45, down by 2.68% or โน21.25. On April 12, the share was trading at โน759 with a 1.49% decrease.
Reasons for Growth
๐ก๐ฐ Schneider Electric has been the biggest beneficiary of government investments in the energy sector. The company’s international recognition and support for its products have also played a role. Its products are used in data centers and semi-conductor production.
Future Outlook
๐ฎ๐ Analysts predict a bright future for Schneider Electric as the demand for electricity in India is expected to double by 2045. The company has set a target of 500 GW of renewable energy capacity by 2030. The financial year 2024-25 is estimated to have a capital expenditure of โน11 lakh crore, with a significant portion coming from the energy sector.
Short
๐๐ก With the increasing demand for grid, insulators, switchgear, transmission, smart meters, wires, and cables in the energy sector, companies like Schneider Electric are poised to benefit. Investors can expect continued growth and strong performance from Schneider Electric in the coming years.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
