BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Nirmal Bang maintains buy on NRB Bearing
The company has taken steps to address demand-related problems, which will boost revenue growth and is likely to achieve normal margin level after one-time additional provisioning gets over. Revise target price downwards to Rs 133, valuaing the stock at 18 times its FY18 estimated earnings of Rs 7.4.