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NRB Bearings advances on planning to raise up to Rs 100 crore via NCDs

14 May 2018 Evaluate

NRB Bearings is currently trading at Rs. 165.75, up by 15.25 points or 10.13% from its previous closing of Rs. 150.50 on the BSE.

The scrip opened at Rs. 163.00 and has touched a high and low of Rs. 169.55 and Rs. 163.00 respectively. So far 6,784 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 182.70 on 21-Dec-2017 and a 52 week low of Rs. 109.00 on 23-May-2017.

Last one week high and low of the scrip stood at Rs. 174.00 and Rs. 150.00 respectively. The current market cap of the company is Rs. 1,606.49 crore.

The promoters holding in the company stood at 53.63%, while Institutions and Non-Institutions held 33.49% and 12.87% respectively.

NRB Bearings is planning to raise fund through issue of Non-Convertible Debentures (NCDs) not exceeding Rs 100 crore on private placement basis. The meeting of the Board of Directors of the company will be held on May 21, 2018, to consider the same.

NRB Bearings is a recognised leader in needle roller bearings, conventional cylindrical roller bearings and has developed a new generation of lightweight drawn cup bearings.


NRB Bearings Share Price

294.30 12.90 (4.58%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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NRB Bearings 294.30
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