Schneider Electric hits over 6-year high, surges 12% in a weak market

With a number of reforms being introduced in the Power & Grid sector, the company expects it to remain resilient.

Shares of Schneider Electric Infrastructure hit an over six-year high at Rs 187, as the stock rallied 12 per cent on the BSE in Friday’s intra-day trade backed by heavy volumes, in an otherwise weak market.

The stock of heavy electrical equipment company traded at its highest level since August 2015. In the past one month, the stock has zoomed 53 per cent, as compared to 0.87 per cent decline in the S&P BSE Sensex.

At 10:34 am, the stock traded 10 per cent higher, as against 0.96 per cent fall in the benchmark index. The average trading