Monday, 24 September 2012

NRB Bearings Ltd - Buy


NRB Bearings Ltd.
BSE Code: 5530367
NSE Symbol : NRBBEARING
Face Value: Rs.2
Last Close: Rs.46.20

     The stock looks safe  in the current market. We, therefore recommend it for accumulation. Buy with a strict stop loss of Rs.38.50. On the upper side, the stock will zoom to Rs.57- 60+ level in the medium-term.

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