Keynotes Financial Opiniery is bullish on Menon Bearings has recommended buy rating on the stock with a target price of Rs 105 in its research report dated March 19, 2019.
While the bearings sector looks interesting from a growth versus valuation standpoint, we like SNL Bearings, Menon Bearings and NRB Bearings
The bearing space appears promising on the back of secular growth in automobiles, uptick in the industrial segment and improvement in technology that would lead to increase in content per vehicle.