InvestorQ : sir why nrb industrial bearing down today, 20 percent circuit
neeraj made post

sir why nrb industrial bearing down today, 20 percent circuit

Answer
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rhea Babu answered.
1 year ago


NRB is another company where the stock price has corrected sharply from around Rs.223 to Rs.123 and the stock is currently quoting very close to its low levels. The company is into the bearings sector and with falling profits, there has been some market news about the company facing stress.

Also, the user industry of the company which is the auto ancillary industry has seen some stress due to the slowdown in the auto industry and that has also had an impact on the fortunes of NRB Bearings.