| Schneider Electric Infrastructure was placed under the BSE's short-term Additional Surveillance Measure (ASM) framework Stage-I between 30 May to 7 June 2023. ASM is a system put in place by the Securities and Exchange Board of India (SEBI) and stock exchanges to keep a closer eye on certain stocks that are considered to be risky. This is done to ensure that investors are aware of the risks involved when buying or selling these stocks. The ASM system acts as a warning sign to alert investors to be cautious and to encourage market participants to conduct due diligence before dealing with these securities. Essentially, it is a way to help protect investors and maintain market integrity. Under the short-term ASM Stage-I, according to the BSE, applicable margin rate for the shortlisted stock will be 1.5 times the existing margin OR 40%, whichever is higher, subject to maximum rate of margin capped at 100%. Schneider Electric Infrastructure is a leading the digital transformation of energy management and automation for its customers. The company makes it possible for IoT (Internet of Things) - enabled solutions to seamlessly connect, collect, analyse and act on data from its equipment/assets in real-time, delivering enhanced safety, efficiency, reliability, and sustainability. Schneider Electric Infrastructure reported net profit of Rs 44.84 crore in Q4 March 2023, steeply higher than Rs 0.07 crore in Q4 March 2022. Net sales rose 20.73% to Rs 410.51 crore in Q4 March 2023 over Q4 March 2022. Powered by Capital Market - Live News |