Schaeffler India: This small-cap auto stock surged 120% in a year; Net profit rises 76% in Q1
Updated: 05 Sep 2022, 11:52 AM IST
TL;DR.Schaeffler India. is a small-cap Auto stock with a market capitalization of ₹49,105.9 crore. The company is engaged in the development, manufacturing, and distribution of high-precision roller and ball bearings. The stock gained 37.87% in a month to ₹3,141.70 from ₹2,780.50.
The company's net profit has been steadily increasing in recent quarters. It recorded a net profit of 170.8 crore in the September 2021 quarter, 190.6 crore in the December 2022 quarter, and 207.1 crore in the previous quarter.