India's Schneider Electric Infra gains on Goldman Sachs upgrade to 'buy'

India's Schneider Electric Infrastructure SEIN.NS climbs 2.7% to 769 rupees

Goldman Sachs upgrades power equipment maker to "buy" from "sell" ad hikes PT to 910 rupees from 505 rupees

Brokerage says its rating upgrade reflects increasing addressable market size for power distribution equipment in India, led by a jump in power demand

Adds, SEIN's capacity expansion, in circuits and breakers, positions it well to benefit from the rise in demand

Goldman Sachs only brokerage covering SEIN - data compiled by LSEG

Session's gains erase stock's YTD losses