Sharekhan's research report on Schaeffler India
Despite headwinds Scheffler is likely to perform in export markets on strategic relocation of capacities. With a capex of Rs. 1,500 crore over FY2022-FY2024, Schaeffler is focusing on localisation and operating excellence. Except the wind energy segment, Schaeffler is performing well in all other segments.
Outlook
We maintain our Buy rating on Schaeffler India Limited (Schaeffler) with an unchanged PT of Rs. 3,328 in expectation of an uptick in export revenue in the coming period, success in the high-value EV business, and traction in the aftermarket segment.
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