Schneider Electric Infrastructure Hits New 52-Week High Amid Strong Buying Momentum

Schneider Electric Infrastructure Ltd is witnessing significant buying activity, with the stock rising 5.64% today, outperforming the Sensex, which increased by only 0.24%. Over the past week, Schneider Electric has gained 1.50%, while the Sensex declined by 1.45%. The stock's performance over the last month shows a robust increase of 14.62%, contrasting with the Sensex's drop of 2.48%. Notably, in the last three months, Schneider Electric has surged by 65.23%, compared to the Sensex's modest gain of 1.60%.
Today, the stock reached a new 52-week high of Rs 954.1, reflecting strong market momentum. It has experienced consecutive gains over the last two days, accumulating a total return of 6.13%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The capital goods sector, in which Schneider Electric operates, has also seen a gain of 2.8%, potentially contributing to the buying pressure observed in the stock.