Buy Schaeffler India; target of Rs 3928: Sharekhan

Sharekhan is bullish on Schaeffler India has recommended buy rating on the stock with a target price of Rs 3928 in its research report dated September 06, 2023.

Broker Research

September 08, 2023 / 11:28 IST

Buy

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Todays L/H

Sharekhan's research report on Schaeffler India

Domestic demand is steady; exports are expected to follow macro trends and improve gradually. The wind energy segment has started showing early sign of green shoots. Acquisition of KRSV would help it in strengthening its presence in after market space.

Outlook

We reiterate our Buy rating on Schaeffler India (Schaeffler) with a revised PT of Rs 3928 in expectation of sustenance in domestic demand success in high-value EV business, increase in localization and traction in after market segment.

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Schaeffler India - 08 -09 - 2023 - khan

Broker Research

first published: Sep 8, 2023 11:25 am

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