Schaeffler India downgraded to sell amid valuation concerns
market hours1 source ↓written by the desknot a recommendation
- 21.3%
- ₹61.16 cr
Schaeffler India has been downgraded to sell due to valuation concerns despite strong financials. The company reported net sales of ₹515.88 cr, up 21.3%, and a PAT surge of 29.1% to ₹61.16 cr. However, it trades at a P/B ratio of 9.9, raising concerns among investors. 📉
Not investment advice. For informational purposes only.