Schaeffler India is currently trading at Rs. 4675.55, up by 25.10 points or 0.54% from its previous closing of Rs. 4650.45 on the BSE.

The scrip opened at Rs. 4640.05 and has touched a high and low of Rs. 4814.50 and Rs. 4640.05 respectively. So far 6617 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4950.00 on 18-Jun-2024 and a 52 week low of Rs. 2616.05 on 02-Nov-2023.

Last one week high and low of the scrip stood at Rs. 4857.80 and Rs. 4625.00 respectively. The current market cap of the company is Rs. 73157.15 crore.

The promoters holding in the company stood at 74.13%, while Institutions and Non-Institutions held 20.31% and 5.55% respectively.

Schaeffler India has launched its innovative Planetary Gear System (PGS) from Schaeffler’s Hosur Plant. This solution is specifically designed for Dedicated Hybrid Transmission (DHT) vehicles in India. This innovative product marks a significant step forward in the Indian automotive sector, aligning with the Government of India’s ‘Make in India’ initiative and the growing demand for hybrid vehicles.

PGS by Schaeffler India will not only enhance vehicle performance but also offer several benefits to OEM partners. By manufacturing these systems locally, the company is offering a robust value proposition to its OEM partners. This local production ensures Schaeffler India brings its global innovation and quality to local OEM partners in India.

Schaeffler India is actively engaged in innovating and shaping the global pace of change.