NRB Bearings share price: Buy NRB Bearings, target price Rs 132: ICICI Direct


ICICI Direct has purchase name on with a target price of Rs 132. The present market price of NRB Bearings Ltd. is Rs 114.75.

NRB Bearings Ltd., included within the 12 months 1965, is a Small Cap firm (having a market cap of Rs 1123.33 Crore) working in Auto Ancillaries sector.

For the quarter ended 31-12-2020, the corporate reported a Consolidated Total Income of Rs 249.02 Crore, up 25.53 % from final quarter Total Income of Rs 198.37 Crore and up 31.60 % from final 12 months identical quarter Total Income of Rs 189.23 Crore. Company reported web revenue after tax of Rs 23.28 Crore in newest quarter.

Investment Rationale
The brokerage expects the inventory prolong the present up transfer and head in direction of Rs 132 ranges as it’s the 161.8% exterior retracement of the latest breather (Rs 119 to Rs 100) signalling upside in direction of Rs 132 ranges.

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