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
We may BUY
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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