SKF India hits new high; gains 5% in two days

The stock has outpaced the market in the last one month by surging 12 per cent, against 4 per cent rise in the benchmark index

SKF India shares hit a new high of Rs 2,165, up 2 per cent, in intra-day trade on Thursday, extending its previous day’s 3 per cent gain on the BSE in an otherwise subdued market. In comparison, the S&P BSE Sensex was down 1 per cent in the past two trading sessions.

The stock has outpaced the market in the last month by surging 12 per cent, against 4 per cent rise in the benchmark index. SKF India is a leading technology and solutions provider of bearings, seals, lubrication systems and services.

For the third quarter ended December 31, 2018