Schaeffler India CEO Harsha Gopal Kadam taken into custody over factory accident that killed 2 workers
Schaeffler India is in focus with June 9 in focus.
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Kadam was taken into custody late Monday by the Talegaon MIDC Police Station for investigation into the incident at the company's factory premises in Talegaon, Pune, on June 9, 2026, the company said.
Key facts
- Dates in focus
- June 9
The analysis
Against that, the stock is +1.0% on the day at ₹3,574.00, and has returned -11.5% over three months. It sits 18% below its 52-week high. The auto sector has moved -7.7% over the same period, so Schaeffler India is running 3.8 points behind its peers.
For Schaeffler India, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Market context
- In focus: Schaeffler India (SCHAEFFLER), in Auto.
- Over three months: Schaeffler India -11.5% against Auto -7.7% (3.8 points behind).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Schaeffler IndiaSCHAEFFLER · Auto | ₹3,574.00 | +1.0% | -8.3% | -11.5% | -18.0% | 0.8× | — |
Auto
1M -5.8% · 3M -7.7%
Schaeffler India
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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