In February, the developer acquired air-conditioning and commercial refrigeration company Blue Star Indias 9-acre land parcel in the same vicinity for nearly Rs 200 crore. The Blue Star India’s land parcel is located on Thanes Pokhran Road II next to GlaxoSmithKline Pharmaceuticals 60-acre plot that…

Oberoi Realty inks pact to acquire NRB Bearings’ 6.4-acre land in Thane

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Anand Rathi is bullish on NRB Bearings has recommended buy rating on the stock with a target price of Rs 174 in its research report dated February 27, 2023.

Buy NRB Bearings; target of Rs 174: Anand Rathi

NRB Bearings consolidated net profit rises 39.19% in the December 2022 quarter

NRB Bearings Consolidated September 2022 Net Sales at Rs 257.52 crore, up 0.37% Y-o-Y

NRB Bearings fell 15.93% to Rs 151.50 after the company’s consolidated net profit declined 46.67% to Rs 12.56 crore on 0.37% increase in net sales to Rs 257.52 crore in Q2 September 2022 over Q2 September 2021.

NRB Bearings slumps after Q2 PAT drops 47% YoY

Company activities are not affected due to the incident.

NRB Bearings suffers minor fire accident at Thane plant

Wednesday is also the record date for dividends by Bharat Rasayan (Rs 1.5 per share), Garware Technical Fibres (Rs 7 per share), Transpek Industry (Rs 22.5 per share), Mangalore Chemicals & Fertilizers (Rs 1.2 per share), Yuken India (Re 0.8 per share),National Peroxide (Rs 5 per share), Emmbi Indus…

Corporate Radar: Acrysil, NRB Bearings to turn ex-dividend; right issues and more

Company’s commercial paper worth Rs85 crore was assigned CRISIL A1+ ratings by the agency.

NRB Bearings gains 2% as CRISIL reaffirms credit rating to ‘AA’

NRB Bearings Standalone December 2021 Net Sales at Rs 222.88 crore, down 5% Y-o-Y

Net Sales are expected to increase by 13.1 percent Y-o-Y (up 7.9 percent Q-o-Q) to Rs. 276.8 crore, according to ICICI Direct.

NRB Bearings Q3 PAT Seen Up 16.9% YoY To Rs. 27.2 Cr: ICICI Direct

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

NRB Bearings Limited is engaged in the manufacture of ball and roller bearing. The Company is engaged in the design and production of customized friction solutions.

NRB Bearings Ltd