NRB Bearings Ltd
NRBBEARING

110.00

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Turnover (lac)
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Day's Vol.(shares)

110.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Buy
Reco. Price
Rs 111.00
We recommend BUY on the stock considering demand uptick in automotive sector and exports. We expect company to clock ~13% CAGR in revenue over FY16-18E. Stock is currently trading at P/E of 17.2x on FY17E earnings. (Target Price – Rs.122.1)
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50 DMA (.)
108.33
100 DMA (.)
114.51
200 DMA (.)
115.87
Weekly Range (.)
108.10
115.00
Monthly Range (.)
102.65
116.40
52 Weeks Range (.)
100.00
141.50
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