Stock price of this automotive supplier firm has doubled in last 6 months

Shares of Schaeffler India soared 10 per cent to hit a new high in Monday's intra-day trade. The stock has surged 16 per cent in the last four days.

Shares of Schaeffler India soared 10 per cent to hit a new high of Rs 3,444.95 on the BSE in Monday’s intra-day trade, and have surged 16 per cent in the past four trading days.

In the past six months, the stock of the industrial and automotive supplier has more-than-doubled or up 107 per cent from a level of Rs 1,660 touched on March 7, 2022 on strong earnings. In comparison, the S&P BSE Sensex was up 6 per cent.

With 3 well known product brands LuK, INA and FAG, 4 manufacturing plants and 8 sales offices, Schaeffler