NRB Bearings - Minimum 30% upside target

Dec 19, 2020

NRB BEARINGS: CMP 100

👉NRB BEARINGS is largest manufacturer of needle roller bearings in India, with more than 70% market share.
👉 These bearings are used to reduce the friction of a rotating surface. Mainly, these bearings will be used for weight reduction and lower space utilisation in vehicles. Company is into OEM(Original equipment manufacturers) and whenever the demand for auto sector increases, this company too will perform.
👉 Due to slow down in OEM demand, it has impacted company earnings. However, the worst is over for auto sector and there is revival in demand which will greatly benefit the company

Reasons to buy :
👉 Company has posted good Q2 nos, which shows that there is revived demand for their products after their lackluster performance in the previous quarters.
👉 Growth in profit with Increasing profit margin
👉 Promoters have increased their shareholding in previous quarter and also release of pledging of shares(still 1.36% which is negligible - only one promoter has pledged his shares)
👉 one of the promoter has acquired huge shares in the last week(again who knows better than promoters)💚💚💚
👉 Expecting good performance in the upcoming months as pick up in demand in auto sectors.💚
👉 Company is having edge over others since they are market leader in this segment.💚

On Technical front, stock has given wonderful weekly breakout and is ready to move upside🚀

One can buy and on dips for a target of 130+ for short-medium term and for long term target is 150+. Take as per your risk 🙏🙏🙏