SKF India, the bearings major, posted a 7.27 growth in its share price to Rs 303.2, after touching a 52-week high of Rs 317. |
There was buying interest ahead of the company's upcoming results. Volumes in the stock touched over 3.5 lakh shares. |
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The market expects the company to post good December quarter results on the back of demand for products from automotive and industrial market segments. |
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In the September quarter the company posted a growth of 58 per cent in PBT, while net sales rose 25 per cent. |
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The company is a market leader in the bearings industry, with the auto sector as its main client. The company's contribution to the country's exports has also been growing. |
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