SKF India Shares Rise on Profit Margins, Capex Plans

  Published 9 months ago

SKF India shares surge 4.4% as profit margins and 3.5-4.5 bln rupees capex boost outlook.

  • Core profit margins to stay 17%-19% (automotive) and 16%, 18% (industrial) over 3 years.
  • 3.5-4.5 bln rupees capex planned for channel expansion, 4.5-5 bln rupees for new plant.
  • Trading volumes jump to 242,000 shares vs 61,000 daily average, YTD gain near 8%.

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