Analyst's Pick: SKF India
LKP Shares has rated SKF India a ‘buy’ with an 18-month price target of Rs 190.
By ET Bureau |
SKF India
cmp: Rs 156
target price: Rs 190
LKP Shares has rated SKF India a ���buy��� with an 18-month price target of Rs 190 and believes a 15% correction in the stock from current levels would be a good opportunity to buy. ���SKF India is now going ahead with its new 48-million ball bearings unit at Haridwar in Uttarkhand, adding close to 50% more capacity from 2010 (CY10) onwards at a cost of Rs 1.5 billion and would initially service two-wheeler companies whose demand is expected to show a marginal rise due to the incremental demand from rural and semi-urban markets,��� the brokerage said. ���The investment phase for the company this fiscal, along with the challenging environment, is expected to put pressure on the ROI as the benefits would start accruing only from next fiscal onwards,��� it added.
cmp: Rs 156
target price: Rs 190
LKP Shares has rated SKF India a ���buy��� with an 18-month price target of Rs 190 and believes a 15% correction in the stock from current levels would be a good opportunity to buy. ���SKF India is now going ahead with its new 48-million ball bearings unit at Haridwar in Uttarkhand, adding close to 50% more capacity from 2010 (CY10) onwards at a cost of Rs 1.5 billion and would initially service two-wheeler companies whose demand is expected to show a marginal rise due to the incremental demand from rural and semi-urban markets,��� the brokerage said. ���The investment phase for the company this fiscal, along with the challenging environment, is expected to put pressure on the ROI as the benefits would start accruing only from next fiscal onwards,��� it added.
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