NRB Bearings hits over 2-year high; surges 25% in 4 days on strong outlook

NRB Bearing is in hybrid vehicles across segments for Marquee customers in Europe and USA and in applications for E-Mobility vehicles across segments, which is the growth driver for exports

Shares of NRB Bearings hit an over two-year high of Rs 171.40 after they rallied 12 per cent on the BSE in Tuesday's intra-day trade on strong outlook. The stock of the company, engaged in manufacturing of needle roller bearings, has surged 25 per cent in the past four trading days. It was trading at its highest level since June 2019. It had hit a record high of Rs 224 on December 17, 2018.

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.