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SKF India soars on registering sales of Rs 766 crore in Q2FY19

25 Oct 2018 Evaluate

SKF India is currently trading at Rs. 1745.00, up by 36.85 points or 2.16% from its previous closing of Rs. 1708.15 on the BSE.

The scrip opened at Rs. 1740.00 and has touched a high and low of Rs. 1776.70 and Rs. 1740.00 respectively. So far 2638 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2010.00 on 01-Jan-2018 and a 52 week low of Rs. 1530.20 on 25-Oct-2017.

Last one week high and low of the scrip stood at Rs. 1788.00 and Rs. 1664.05 respectively. The current market cap of the company is Rs. 8994.41 crore.

The promoters holding in the company stood at 52.32%, while Institutions and Non-Institutions held 34.23% and 13.45% respectively.

SKF India has reported net sales of Rs 766.00 crore for second quarter ended September 30, 2018 as compared to Rs 679.80 crore for the second quarter of the previous year, registering a growth of 12.7%.

SKF India is a leading global supplier of rolling bearing and seals. The company provides products, solutions and services in the areas of rolling bearings, seals, mechatronics, services and lubrications systems.

Peers
Company Name CMP
Schaeffler India 3650.85
Timken India 2881.00
SKF India 1438.45
NRB Bearings 509.00
Menon Bearings 283.35
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