Buy SKF India Ltd., target Rs 1550: Deutsche Bank Research

Deutsche Bank Research has a buy call on SKF India Ltd. with a target price of Rs 1550. The current market price of SKF India Ltd. is 1390. Time period given by analyst is year, when SKF India Ltd. price can reach defined target. The global investment bank is enthused by the improving top line visibility. The global investment bank draws comfort from the fact that the company has retained benefits of commodity deflation. The demand recovery in 2 wheelers and in roads as well as in the rail freight biz is likely to drive revenue growth.