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Schaeffler India rises on signing MoU with TISS

28 Sep 2020 Evaluate

Schaeffler India is currently trading at Rs. 3620.00, up by 13.20 points or 0.37% from its previous closing of Rs. 3606.80 on the BSE.

The scrip opened at Rs. 3580.85 and has touched a high and low of Rs. 3638.35 and Rs. 3500.00 respectively. So far 199 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4950.00 on 05-Feb-2020 and a 52 week low of Rs. 3044.10 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 3929.55 and Rs. 3450.00 respectively. The current market cap of the company is Rs. 11318.57 crore.

The promoters holding in the company stood at 74.13%, while Institutions and Non-Institutions held 19.88% and 5.99% respectively.

Schaeffler India has signed a Memorandum of Understanding (MoU) with the Tata Institute of Social Sciences (TISS) to implement a National University Student’s Skill Development (NUSSD) - recognized project, aimed at providing skills training to 350 graduating students from Vadodara. The objective behind this program, which is fully funded by Schaeffler India, is to provide skill training to graduating college students to enable them to better understand and enhance their job-related skills.

The initiative covers training in eight diploma courses - Banking & Financial Markets, Export & Import Management, Hospital Management Services, Entrepreneurship, Digital Marketing, Travel and Tourism, Pharmaceutical Sales Management and Retail Management. Selected students will receive classroom training for around 4-6 months at the Schaeffler HOPE NUSSD Training Centres established in three colleges in Vadodara and thereafter will be sent to relevant industries for internships or on-the-job-training for 40 days. The curriculum aims to empower 300 students through wage employment and remaining 50 students through Startup Community / Entrepreneurship Development.

Schaeffler India has its presence in automotive and across all core industrial segments.

Schaeffler India Share Price

4000.70 38.10 (0.96%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Schaeffler India 4000.70
SKF India 1706.95
Timken India 3506.90
Rolex Rings 136.10
NRB Bearings 294.30
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