Hot Pursuit     09-Feb-17
NRB Bearings advances as board approves fund raising plan
NRB Bearings rose 1.81% to Rs 109.50 at 09:31 IST on BSE after the company's board approved a further issue of unsecured, listed, redeemable, non convertible debentures not exceeding Rs 100 crores on private placement basis.
The announcement was made after market hours yesterday, 8 February 2017.

Meanwhile, the S&P BSE Sensex was up 170.35 points or 0.6% at 28,460.27

On BSE, so far 2,796 shares were traded in the counter as against average daily volume of 12,387 shares in the past one quarter. The stock hit a high of Rs 110.35 and a low of Rs 108 so far during the day. The stock had hit a 52-week low of Rs 103 on 1 February 2017. The stock had hit a 52-week high of Rs 141 on 23 September 2016.

The small-cap company has equity capital of Rs 19.38 crore. Face value per share is Rs 2.

NRB Bearings' net profit fell 1.8% to Rs 7.64 crore on 4.47% rise in net sales to Rs 163.79 crore in Q3 December 2016 over Q3 December 2015. The result was announced after market hours yesterday, 8 February 2017.

NRB Bearings is an anti friction bearing solution provider, offering end-to-end bearing solutions to its customers across the globe.

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