SKF India Ltd.

NSE: SKFINDIA | BSE: 500472 | ISIN: INE640A01023 | Industry: Abrasives & Bearings
| Slowing Down Stock

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SKF India Ltd.
24 Jul 2019
1851.10
-0.88%
ICICI Securities Limited
Sluggish auto performance, industrial segment holds promise For Q1FY20, the topline grew muted 2.9% YoY due to subdued performance from the auto segment. Auto contributed 47% to the topline (including exports contribution of 9%). On the flip side, the industrial segment contributed 53% to the topline led by a pick-up in wind energy, railways, heavy industry, construction and cement industry. The key highlight from the management has been a pickup in the infrastructure driven capital investments across the infrastructure space indicating continued growth in...
SKF has lost -59.97% in the last 6 Months
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