As many as 6,039 shares were traded in the counter on BSE.

The stock slipped from an intra-day high of Rs 540.

From a recent peak of Rs 515 on 15 January, it slipped to Rs 495.15 by 23 January 2007.

NRB Bearings is planning an expansion programme for Rs 100 crore, which will be completed by end - 2007. The expansion will double the company’s needle-bearing capacity, and triple the cylindrical roller facility. The expansion programme will be applicable to all its facilities in Thane, Aurangabad, Jalna, Waluj and Hyderabad.

Out of the funds needed for expansion, Rs 50 crore will be met through institutional debt and the rest through internal accruals.

NRB Bearings reported 1.70% rise in net profit, to Rs 9.79 crore in Q2 September 2006, compared to Rs 9.63 crore in Q2 September 2005. The net sales for the same period under consideration rose 17.30%, to Rs 73 crore (Rs 62.21 crore).

The total foreign holding in the company on December 2006 stands at 12%. Promoters hold 75% stake in the company, where public holding is 6%.

NRB Bearings manufactures needle-roller bearings, cylindrical roller bearings and ball bearings. The company derives a major chunk of its revenues from the original equipment segment of the automobile industry. Close to 60% of the revenue flows from this segment. NRB's original equipment clientele includes Tata Motors, Ashok Leyland, Maruti Udyog and Bajaj Auto.