Schneider Electric: This multibagger stock turned ₹1 lakh into over ₹4 lakh in just a year; should you buy?

livemint.com:

Schneider Electric Infrastructure, a prominent player in the heavy electric equipment industry, has emerged as a significant wealth generator for investors over the past year. With its shares climbing from ₹175 apiece a year ago to the current level of ₹747, investors have enjoyed an impressive return of 327%. For instance, an investment of ₹one lakh in the stock a year ago would now be valued at ₹4.3 lakh, showcasing remarkable growth.

This performance has positioned Schneider Electric Infrastructure as a standout performer in the Indian equity markets. The stock has consistently delivered remarkable gains over the last four years. In 2024 alone, the stock has surged by 83% in less than four months, continuing its winning streak for the fifth consecutive year.

Also Read: Renewable energy stocks jump up to 500% in 1 year; what's fuelling this rise? It recorded impressive returns of 149% in the previous year and 56% in the year before that, while offering gains of 25% and 27.5% in CY21 and CY20, respectively. Notably, from its 2019 low price of ₹60.60, the stock is currently trading at a remarkable 1140% higher level. Schneider Electric is an India-based power distribution company that manufactures, designs, builds, and services advanced products and systems for electricity distribution, such as distribution transformers, medium voltage switchgear, protection relays, and electricity distribution and automation equipment.