ThinkStock PhotosHDFC Securities has buy call on SKF India with a target price of Rs 4050. The current market price of SKF India Ltd. is Rs 3790.4.
Time period given by analyst is Intra Day when SKF India Ltd. price can reach defined target.
SKF India Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 18719.68 Crore) operating in Auto Ancillaries sector.
SKF India Ltd. key Products/Revenue Segments include Bearings & Components, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1041.15 Crore, up 5.90 % from last quarter Total Income of Rs 983.18 Crore and up 22.17 % from last year same quarter Total Income of Rs 852.19 Crore. Company reported net profit after tax of Rs 109.47 Crore in latest quarter.
Investment Rationale
Stock price has broken out from downward sloping trend line on the weekly chart
Promoter/FII Holdings
Promoters held 52.58 per cent stake in the company as of 31-Mar-2022, while FIIs owned 6.33 per cent, DIIs 28.26 per cent.
Time period given by analyst is Intra Day when SKF India Ltd. price can reach defined target.
SKF India Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 18719.68 Crore) operating in Auto Ancillaries sector.
SKF India Ltd. key Products/Revenue Segments include Bearings & Components, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 1041.15 Crore, up 5.90 % from last quarter Total Income of Rs 983.18 Crore and up 22.17 % from last year same quarter Total Income of Rs 852.19 Crore. Company reported net profit after tax of Rs 109.47 Crore in latest quarter.
Investment Rationale
Stock price has broken out from downward sloping trend line on the weekly chart
Promoter/FII Holdings
Promoters held 52.58 per cent stake in the company as of 31-Mar-2022, while FIIs owned 6.33 per cent, DIIs 28.26 per cent.
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Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
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