Schaeffler India downgraded to sell amid valuation concerns
after close1 source ↓written by the desknot a recommendation
- marking
- 21.3% growth
- after tax surged
- 29.1%
- ₹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, marking a 21.3% growth. Profit after tax surged 29.1% to ₹61.16 cr. However, its P/B ratio of 9.9 raises red flags for investors.
Not investment advice. For informational purposes only.