Schaeffler India downgraded to sell amid valuation concerns
pre-market1 source ↓written by the desknot a recommendation
- 21.3%
- remain robust
- 20.57%
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 PAT surged 29.1% to ₹61.16 cr. However, a P/B ratio of 9.9 raises red flags for investors. Institutional holdings remain robust at 20.57%.
Not investment advice. For informational purposes only.