NRB Bearings Ltd. News and Updates

Name: Latest research reports of NRB Bearings Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: NRB Bearings Ltd.
Rating: 5
Author: ICICI Securities Limited

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NRB Bearings Ltd.

17 Dec 2020

226.76

-4.01%

Buy NRB Bearings; target of Rs 110: ICICI Direct

Moneycontrol

ICICI Direct is bullish on NRB Bearings recommended buy rating on the stock with a target price of Rs 110 in its research report dated December 17, 2020.

NRB Bearings Ltd. is trading below its 100 day SMA of 246.8

NRB Bearings Ltd.

17 Dec 2020

226.76

-4.01%

NRB Bearings

Buy: NRB Bearings Ltd.

Recommendation Target

ICICI Securities Limited

While domestic OEMs were reeling under tepid demand, NRB's exports segment did well, thereby sustaining utilisation levels at factories. Export performance was aided by higher wallet share from existing customers (ZF & Getrag) as well as addition of two new customers. The management expects exports to be upwards of 20% in the FY21E topline. On the domestic front, demand for tractors remained buoyant led by a good monsoon and relatively lesser impact of the pandemic in rural areas. Further, 2-W, PV have seen an uptick whereas CV is gaining some momentum. On the other hand,...

NRB Bearings Ltd. is trading above its 50 day SMA of 216.5

NRB Bearings Ltd.

14 Dec 2020

226.76

-4.01%

Buy NRB Bearings; target of Rs 157 : Dolat Capital Market

Moneycontrol

Dolat Capital Market is bullish on NRB Bearings has recommended buy rating on the stock with a target price of Rs 157 in its research report dated December 14, 2020.

NRB Bearings Ltd. is trading above its 50 day SMA of 216.5

NRB Bearings Ltd.

24 Aug 2020, 07:11AM

226.76

-4.01%

Hot Stocks | Here's why NRB Bearings, Vinati Organics are short-term buys

Moneycontrol

A move below 11,250-11,200 would confirm a near-term reversal for some price correction in the coming days.

NRB Bearings Ltd. has lost -29.96% in the last 1 Year

NRB Bearings Ltd.

31 Mar 2020

226.76

-4.01%

NRB Bearings

Hold: NRB Bearings Ltd.

Target

ICICI Securities Limited

Companies like Larsen & Toubro and KEC with exposure to the Middle East and North Africa (MENA) region are expected to get impacted by the recent more than 60% fall in crude oil prices to US$22/barrel. This is expected to impact overall orders/awarding from the MENA region. Companies like Elgi Equipments, AIA Engineering, Thermax, Engineers India and Kalpataru Power with exposure to international geographies like Europe, Middle East, China for sales or essential raw material may get impacted. However, lockdowns in India, UK, Europe and other geographies due to Covid-19 are...

NRB Bearings Ltd. has lost -29.96% in the last 1 Year

NRB Bearings Ltd.

18 Feb 2020

226.76

-4.01%

NRB Bearings

Hold: NRB Bearings Ltd.

Recommendation Target

ICICI Securities Limited

Headwinds in domestic OEMs to result in sluggish FY20E Domestic OEM segment witnessed double digit de-growth in the midst of a slowdown in the auto sector. Domestic OEM (two-wheelers, CV comprise highest share in OEM segment) contributes to ~69% of topline. Going ahead, we expect some short-term pain in this segment, which can be followed by some recovery starting H1FY21. Margins look to have bottomed out with the company benefitting from the lag effect of low steel prices in the first half of the year. This should cushion EBITDA as well as bottomline...

NRB Bearings Ltd. is trading below its 100 day SMA of 246.8

NRB Bearings Ltd.

13 Feb 2020

226.76

-4.01%

NRB Bearings Consolidated December 2019 Net Sales at Rs 183.08 crore, down 26.01% Y-o-Y

Moneycontrol

NULL

NRB Bearings Ltd. is trading above its 50 day SMA of 216.5

NRB Bearings Ltd.

31 Oct 2019

226.76

-4.01%

NRB Bearings

Sell: NRB Bearings Ltd.

Recommendation Target

ICICI Securities Limited

Headwinds in domestic OEMs to lead to sluggish FY20E Domestic OEM segment witnessed double digit de-growth in the midst of a slowdown in the auto sector. Domestic OEM (two-wheelers and CV comprise highest share in the OEM segment) contributes to around ~69% of NRB's topline. Going ahead, we expect some short-term pain in this segment, which can be followed by some recovery starting H1FY21. On the raw material front, the company is expected to benefit from the current decline in steel prices starting from Q4FY20E onwards, which should...

Number of FII/FPI investors decreased from 68 to 62 in Mar 2025 qtr

NRB Bearings Ltd.

16 Sep 2019

226.76

-4.01%

NRB Bearings looks at exports and diversifications to beat slowdown blues

Business Today

Harshbeena Sahney Zaveri, vice chairman and managing director of the listed company, said NRB, which makes 500-plus types of bearings for vehicles, has intensified operations in the international markets