LIVE MARKET TRACKER :   BSE SENSEX   28334.63      |    NSE NIFTY 8477.35    
GLOBAL MARKETS :  NASDAQ 4712.97   +0.24%    |    FSI London 6750.76   +1.08%    |    NIKKEI Japan 17357.51   +0.33%
  USD GBP EUR CAD AUD INR
USD - 0.6388 0.8072 1.1239 1.1537 61.70
GBP 1.566 - 1.2641 1.7601 1.8067 96.6222
EUR 1.2393 0.7916 - 1.3929 1.4298 76.4642
CAD 0.8905 0.5689 0.7189 - 1.0274 54.946
AUD 0.8673 0.554 0.7001 0.9748 - 53.5112
INR 0.0162 0.0104 0.0131 0.0182 0.0187 -
Indian-Commodity  :  Equity & Shares  :  SKF India edges higher on the buzz of inking pact with Audi

SKF India edges higher on the buzz of inking pact with Audi (07-Dec-2012)

SKF India is currently trading at Rs 645.00, up by 1.35 points or 0.21% from its previous closing of Rs 643.65 on the BSE.

The scrip opened at Rs 664.00 and has touched a high and low of Rs 664.00 and Rs 645.00 respectively. So far 72 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 728.00 on 03-Apr-2012 and a 52 week low of Rs 535.45 on 27-Dec-2011.

Last one week high and low of the scrip stood at Rs 647.00 and Rs 629.00 respectively. The current market cap of the company is Rs 3401.25 crore.

The promoters holding in the company stood at 53.58% while Institutions and Non-Institutions held 32.31% and 14.11% respectively.

SKF has reportedly inked pact with Audi for providing its components for use on a range of vehicle models. The contract, which is estimated to the worth of nearly SEK 1 billion, includes the delivery of four different versions of wheel bearing units for the wheel-ends and a range of bearings for the new double clutch transmission. Deliveries would begin in 2013 from SKF factories in Spain and Italy.

SKF's wheel bearing units include an active ABS system and the flexible design that provide a cost-effective solution for a range of vehicles, using Audi's new modular MLB Evo-platform. Further, the company's transmission and clutch bearings are designed to meet Audi specific double clutch transmission needs.

SKF India provides products, solutions and services in the areas of rolling bearings, seals, mechatronics, services and lubrications systems. The company manufactures different types of bearings, seals including roller bearings, bearing units, housings, industrial and hydraulic seals, linear motion products, high precision bearing, spindles, electrical actuators, actuation systems and rolling bearing steel which are used in cars and truck wheels.


Top News Today
Kotak Bank, ING Vysya Bank, Tech Mahindra and Dr. Reddy's to see some action today
(21-Nov-2014)

Kotak Bank, ING Vysya Bank, Tech Mahindra and Dr. ReddyKotak Mahindra Bank has announced that it will acquire Bengalaru-headquartered ING Vysya Bank in an all-stock deal. ING shareholders will get 725 Kotak Bank shares for every 1,000 shares they hold. The......click on news to read complete article.

SEBI tightens the rule for insider trading in markets
(20-Nov-2014)

SEBI tightens the rule for insider trading in marketsMarket regulator, the Securities and Exchange Board of India (SEBI) has tightened the noose around the Insider Traders and has announced measures to improve the integrity of the capital markets by enlarging......click on news to read complete article.

NTPC, Dr. Reddy's and Alok Industries to see some action today
(20-Nov-2014)

NTPC, Dr. ReddyThe country's largest power producer, NTPC has evinced interest to develop the 2,400 Mw coal-based power station proposed at Kamakhyanagar in Dhenkanal district through the joint venture (JV) route. The......click on news to read complete article.

International Stock News
US markets closed higher as Europe, China fuel optimism
(22-Nov-2014)

US markets closed higher as Europe, China fuel optimismThe US markets closed higher on Thursday, as optimism in the global economy grew after central banks in China and Europe signaled additional stimulus measures. The initial strength on Wall Street came......click on news to read complete article.

US markets closed up on signs of strengthening economy
(21-Nov-2014)

US markets closed up on signs of strengthening economyThe US markets closed higher on Thursday, as data showed improvements in the American economy which overshadowed concern over weaker growth overseas. On the economy front, the number of people who applied......click on news to read complete article.

US markets closed lower on FOMC minutes
(20-Nov-2014)

US markets closed lower on FOMC minutesThe US markets closed lower on Wednesday, as Fed minutes revealed scant little insights about the US central bank's policy plans. A number of Federal Reserve officials pushed their colleagues to say more......click on news to read complete article.

 

     
  
Recent Equity & Shares News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.