Espresso Shot of the Day - Schaeffler India Ltd up by 6.68 percent

EspressoLogy

Espresso Shot of the Day - Schaeffler India Ltd up by 6.68 percent

April 27, 2022
Espresso Shot of the Day - Schaeffler India Ltd up by 6.68 percent

SCHAEFFLER INDIA LTD 2240.35  (+6.68%) BSE – INE513A01022 | 27THAPRIL 2022


Schaeffler with four plants and 11 sales offices has a significant presence in India with three major widely known product brands - FAG, INA and LuK. The manufacturing plant in Vadodara, Gujarat was set up in 1964 and produces a vast range of ball bearings, cylindrical roller bearings, spherical roller bearings and wheel bearings. All these products are sold under the brand name of FAG. The second plant, located in Vadodara at Savli, produces next-generation deep groove ball bearings and large-size roller bearings sold under the name of FAG. Schaeffler’s third state-of-the-art plant is located at Talegaon near Pune and it manufactures engine and transmission components for the front accessory drive system, chain drive systems, valve train, shift systems and a range of needle roller bearings and elements, under the brand INA.


Recent Drivers

  • On Apr 26, 2022, the company reported Net Sales of Rs.1, 567.51 crores in March 2022, up 19.04% from Rs.1 ,316.82 crores in March 2021.
  • On Apr 26, 2022, the company reported a Quarterly Net Profit at Rs.207.12 crores in March 2022, up 48.43% from Rs.139.54 crores in March 2021.
  • On Feb 16, 2022, the company declared a dividend of Rs. 16/- per equity share
  • On Jan 17, 2022, the company approved the Sub-division of Equity Shares having a face value of Rs.10/- each into Equity Shares having face value of Rs.2/- each
(Sources: Moneycontrol, BSE)


Technical Force*

  • S&P BSE 500 month till date gain up by -0.78s%
  • Traded on new All time high 2278.35
  • 3 months avg. NSE volume: 143,667
  • Quantity traded: 22,174 | Deliverable Quantity: 7,781 (35.09%)
  • Stock price has jumped by more than 135% from a one-year low level: 964.95 (May 14, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 2278.35 | 52-week-low: 964.95


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

2992.71

2383.35

2070.72

1461.36

1148.73

539.37

226.74

    -

Fibonacci Pivot

2383.35

2031.15

1813.56

1673.42

1461.36

1249.30

1109.16

891.57

539.37s


Today’s Close

2240.35

SMA

BSE

10 DAY

2047.49

20 DAY

2002.64

50 DAY

1880.64

200 DAY

1617.90


Some Key Ratios (Source: BSE)

Market Cap: 35,017.49 Crores

PE: 50.26

OPM%: 20.96

ROE%: 19.07

Promoters holding%: 74.13

Prev. Close: 2100.15



*Chart and Technical Force data from the Binge desktop app
The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Sharekhan Comtrade bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Sharekhan Comrade Private Limited is under no obligation to update the information in this document from time-to-time.




Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.