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Ideas for Profit | Bet on these 3 bearing stocks

March 25, 2019 / 01:14 PM IST

Nitin AgrawalMoneycontrol Research


Highlights:
- Subdued topline growth in Q3 FY19 due to weakness in the automotive segment
- Near-term automotive outlook is sluggish, positive in the long term
- Industrial segment is showing an uptick
- SNL Bearings, Menon Bearings and NRB Bearings are our preferred picks --------------------------------------------------

We analysed the Q3 FY19 performance of companies from the bearings space and identify the ones which exude confidence.


SNL Bearings (SNL)We had initiated the coverage on SNL, a needle bearings manufacturer, which caters to automotive, original equipment manufacturers (OEM) and aftermarket segments.