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Buy NRB Bearings Ltd For Target Rs.270 - ICICI Direct Recovery to sustain!!! • About the stock: NRB was incorporated in 1965 as an Indo-French venture and pioneered the production of needle and roller bearings in India. • NRB is India’s largest needle and cylindrical roller bearings producer. Today 90% of vehicles on Indian roads run on NRB parts • Domestic markets contribute ~75% of total revenues while exports contribute the balance ~25%. In domestic markets, company cater to auto industry including 2W, PV, CV ...
Buy NRB Bearings Ltd For Target Rs.270 - ICICI Direct
Buy NRB Bearings Ltd For Target Rs.270 - ICICI Direct
Source: ICICI Direct
7/07/2023 11:41:20 AM
NRB Bearings Ltd For Target Rs. 174 - Anand Rathi Shares and Stock Brokers * Revenues increased by 8.83% in Q3FY23 to Rs.2,511 million. NRB reported strong performance due to a sharp focus on fundamental business operations and an upsurge in demand across all vehicle segments within the automobile industry. The e-vehicle segment witnessed a boost in business, particularly from exports. * EBITDA jumped by 17.45% and margins improved by 100bps in Q3FY23, mainly because of improved margins by a combination of price increase and operational efficiency. Logistics cost...
NRB Bearings Ltd For Target Rs. 174 - Anand Rathi Shares and Stock Brokers
NRB Bearings Ltd For Target Rs. 174 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
1/03/2023 10:16:59 AM
Value Pick : NRB Bearings Ltd For Target Rs.190 - Anand Rathi Shares and Stock Brokers Highlights * Founded in 1965, NRB was the first company to manufacture needle roller bearings in India. For over 40 years NRB has pioneered the leading edge of bearing technology, and today over 90% of vehicles on Indian roads run on NRB parts. Since its inception, NRB has grown beyond its signature product to offer a wide range of high-precision friction solutions not only in the automotive sector, but across all mobility applications. * NRB is the global benchmark for quality and inno...
Value Pick : NRB Bearings Ltd For Target Rs.190 - Anand Rathi Shares and Stock Brokers
Value Pick : NRB Bearings Ltd For Target Rs.190 - Anand Rathi Shares and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
20/12/2022 11:33:11 AM
Buy NRB Bearings Ltd For Target Rs.220 - ICICI Direct Strong deal momentum to drive revenues… About the stock: NRB was incorporated in 1965 as an Indo-French venture and pioneered the production of needle and roller bearings in India. * NRB is India’s largest needle and cylindrical roller bearings producer. Today 90% of vehicles on Indian roads run on NRB parts * It exports its products to many countries such as France, Italy, the US, Mexico, Brazil, Thailand and Bangladesh. It has a revenue break-up of 78% from domestic sa...
Buy NRB Bearings Ltd For Target Rs.220 - ICICI Direct
Buy NRB Bearings Ltd For Target Rs.220 - ICICI Direct
Source: ICICI Direct
3/01/2022 12:34:24 PM
LKP Spade, Weekly Pick - Buy NRB Bearing Limited For Target Rs. 172 - LKP Securities * Stock has given a ascending triangle breakout on daily chart which is consider to be bullish continuation pattern by nature * Strong volume activity has been witnessed at the time of breakout. * Both momentum indicator RSI & MACD are ranging in positive territory. Buy NRB Bearing Limited - BUY @ 157-158 TGT 172 Stop Loss Below Rs. 150 CB Duration 1 Week   To Read Complete Report & Disclaimer Click Here   ...
LKP Spade, Weekly Pick - Buy NRB Bearing Limited For Target Rs. 172 - LKP Securities
LKP Spade, Weekly Pick - Buy NRB Bearing Limited For Target Rs. 172 - LKP Securities
Source: LKP Securities Ltd
22/11/2021 12:34:29 PM
Buy NRB Bearings Ltd For Target Rs.175 - ICICI Direct Margins expand; positive surprise… NRB's Q4 performance was a beat on our estimates on all parameters. The company posted strong topline growth as well as improvement in margin spreads despite the recent commodity inflation. Revenue for the quarter came in at | 257.2 crore, up 37.2% YoY, 5.1% QoQ (vs. I-direct estimate of | 230.1 crore). With this, the company exited FY21 with a decline of merely 1.7% in revenues despite a washout H1. The key surprise to us was gross margins, wh...
Buy NRB Bearings Ltd For Target Rs.175 - ICICI Direct
Buy NRB Bearings Ltd For Target Rs.175 - ICICI Direct
Source: ICICI Direct Ltd
3/07/2021 11:12:33 AM
Stock Picks - Buy NRB Bearing Ltd For Target Rs. 158 - ICICI Direct Technical Observations * The Auto ancillary space continue to outperform with most of the stock forming higher high-low. The share price of NRB Bearing has generated a resolute breakout above a bullish Flag pattern signalling continuation of the up move and offers fresh entry opportunity * We expect the stock to head towards | 158 levels in the coming weeks being the price parity with previous up move (113-141=28 points) added to the recent trough of around | 130 signals upside towards ...
Stock Picks - Buy NRB Bearing Ltd For Target Rs. 158 - ICICI Direct
Stock Picks - Buy NRB Bearing Ltd For Target Rs. 158 - ICICI Direct
Source: ICICI Direct
28/06/2021 11:34:23 AM
Quote on NRB Bearings Result by Milan Desai, Angel Broking Below are Quote on NRB Bearings Result by Milan Desai, Lead Equity Analyst, Angel Broking NRB Bearings’ Q4FY21 operational numbers have come in better than our expectations with PAT beat being aided by lower ETR. The consolidated top-line for the quarter grew by 37.2%/5.1% YoY/QoQ to Rs. 257 crores, against our estimate of Rs. 240 crores. EBITDA came in at Rs. 47 crores, up 203%/8.4% YoY/QoQ, vs. our estimate of Rs. 40 crores on account of lower material and employee...
Quote on NRB Bearings Result by Milan Desai, Angel Broking
Quote on NRB Bearings Result by Milan Desai, Angel Broking
Source: Angel Broking Ltd
3/06/2021 11:15:42 AM
Buy NRB Bearings Ltd For Target Rs.150 - ICICI Direct Robust numbers, maintain BUY… NRB Bearings posted robust numbers that were largely above our estimates on all parameters. Margins expanded on the back positive operating leverage. Revenue for the quarter came in at | 244.7 crore, up 33.7% YoY (vs. I-direct estimate of | 220 crore). We expect the robust growth to be attributable to festive uptick and pent up demand. Gross margins expanded 20 bps but EBIDTA margins improved ~680 bps to 17.6%. NRB registered an absolute EBIDTA of | 43...
Buy NRB Bearings Ltd For Target Rs.150 - ICICI Direct
Buy NRB Bearings Ltd For Target Rs.150 - ICICI Direct
Source: ICICI Direct
3/03/2021 10:42:43 AM
Stock Picks - Buy NRB Bearings For Target Of Rs.132 - ICICI Direct Technical Observations * The share price has generated a bullish Flag breakout signalling a continuation of the up move after three weeks of breather thus offers fresh entry opportunity * The stock is also seen consolidating after resolving out of 15 months falling trend line, signalling termination of long term corrective phase. * Structurally, It has witnessed a faster retracement of the last falling segment as 15 sessions decline (|119-100) was completely retraced in just seven se...
Stock Picks - Buy NRB Bearings For Target Of Rs.132 - ICICI Direct
Stock Picks - Buy NRB Bearings For Target Of Rs.132 - ICICI Direct
Source: ICICI Direct
17/02/2021 2:29:31 PM
Buy NRB Bearings Ltd For Target Rs. 132 - Religare Broking Technical Observations * The share price has generated a bullish Flag breakout signalling a continuation of the up move after three weeks of breather thus offers fresh entry opportunity * The stock is also seen consolidating after resolving out of 15 months falling trend line, signalling termination of long term corrective phase. * Structurally, It has witnessed a faster retracement of the last falling segment as 15 sessions decline (|119-100) was completely retraced in just seven se...
Buy NRB Bearings Ltd For Target Rs. 132 - Religare Broking
Buy NRB Bearings Ltd For Target Rs. 132 - Religare Broking
Source: ICICI Direct
9/02/2021 12:00:27 PM
NRB Bearings Lim Q3 net profit zooms 112.72% at Rs 18.06 cr The company reported standalone net profit of Rs 18.06 crore for the quarter ended December 31, 2020 as compared to Rs 8.49 crore in the same period last year, registering a year-on-year growth of 112.72 per cent. Net revenue of the company rose substantially by 32.55 per cent at Rs 234.61 crore in October-December quarter of this fiscal as against Rs 177.00 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 23.83 per cent to Rs 19...
NRB Bearings Lim Q3 net profit zooms 112.72% at Rs 18.06 cr
NRB Bearings Lim Q3 net profit zooms 112.72% at Rs 18.06 cr
Source: Dion Global Solutions Ltd
8/02/2021 10:00:22 AM