Schaeffler India is currently trading at Rs. 2188.75, up by 4.95 points or 0.23% from its previous closing of Rs. 2183.80 on the BSE.
The scrip opened at Rs. 2152.00 and has touched a high and low of Rs. 2236.60 and Rs. 2152.00 respectively. So far 1962 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2489.40 on 31-May-2022 and a 52 week low of Rs. 1029.00 on 14-Jun-2021.
Last one week high and low of the scrip stood at Rs. 2290.75 and Rs. 2150.10 respectively. The current market cap of the company is Rs. 34561.09 crore.
The promoters holding in the company stood at 74.13%, while Institutions and Non-Institutions held 20.44% and 5.43% respectively.
Schaeffler is focusing on electric mobility. The company is demonstrating this by simultaneously launching several new electric axle drives (electric axles). Until now, up to three drive components were assembled in one compact unit. With the so-called 4in1 electric axle, Schaeffler is now going one step further by integrating the thermal management system as well as the electric motor, power electronics, and transmission into the axle drive.
This makes the axle drive more compact and lighter and ensures greater comfort. A particularly efficient thermal management system also ensures that a car travels further on one battery charge and charges faster.
Another new development is electric beam axles for pick-up trucks. In the future, Schaeffler will supply beam axles to automobile manufacturers, particularly in North America.
Schaeffler India has its presence in automotive and across all core industrial segments.