India, Oct. 28 -- The Pune-based motion technology company, Schaeffler India Limited, has reported a July-September quarter, with sales and pre-tax profit rising. Car makers' demand, a push to make more parts locally and growing exports shaped the numbers, while the board also made a governance appointment.

The Nifty 50 traded at 22,634, down 0.51%, while the Sensex fell 0.71% to 73,064 on Wednesday. Following this the Shares of Schaeffler India Ltd are trading at Rs. 3,653.00, down 0.47 percent on Wednesday. The stock touched the intraday high of Rs. 3,698.50 after opening at Rs. 3,588.00 before slipping to a low of Rs. 3,512.10. The company commands a market capitalization of Rs. 57,139.93 crore.

Schaeffler India Reports Higher Sale...