Wednesday, May 30, 2018

NRB Bearings Ltd ( NRBBEARING ) - A Multi Bagger, Buy/Sell/Hold, Growth Prospects and Recommendation, News and Results, Target Price and Analysis, Views and Outlook, Hot Stocks/Picks


NRBBEARING closes   at ₹ 161.60   with  a  Gain  of     +0.4%   on    30-May -2018   with formation of  a  small Green Candle    on Daily  Price Chart.  Technically ,  NRBBEARING   is  entering into a Short-Term Bullish  Trend. Major Momentum Indicators are   showing Strength on Daily Price Chart. Our NNI  index has also turned Positive.  It has seen highest  Delivery in today’s trade of 95.9%.
Valuations :  NRBBEARING is now Trading at 2.2X of its March 2017 Valuations ( EPV Method )  . RoE is 16% while RoCE is 12%, which is sound.
We may    BUY /    Accumulate  NRBBEARING  at  CMP
Target : ₹ 180-219
Stop: Loss : ₹ 149
Time Frame: 1-2   Months
Financials :    https://www.screener.in/company/NRBBEARING/
Disclaimer : We are / may going to take exposure shortly.
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