Schaeffler India downgraded to sell amid valuation concerns
pre-market1 source ↓written by the desknot a recommendation
Schaeffler India has been downgraded to sell due to valuation concerns despite strong fundamentals. The company reported net sales of ₹2,724.20 cr and PBDIT of ₹484.12 cr in the last quarter. However, its price-to-book ratio of 10 raises red flags compared to peers, indicating potential overvaluation.
Not investment advice. For informational purposes only.