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SKF India perks up 7% on strong Q3 expectations

DALAL STREET SPIKES

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Our Markets Bureau Mumbai
Last Updated : Feb 25 2013 | 11:50 PM IST
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.
 
The market expects the company to post good December quarter results on the back of demand for products from automotive and industrial market segments.
 
In the September quarter the company posted a growth of 58 per cent in PBT, while net sales rose 25 per cent.
 
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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