There is a lot of potential for exports from India. We sometimes tend to think of India as one country, but India really is 30 countries in one. There are some state governments that are very progressive and some sadly not, said Manish Bhatnagar, MD, to ET Now. Edited excerpts- How have you seen manufacturing
SKF India, Sandhar Technologies, Suprajeet Engineering and other auto ancillary companies’ share prices are rising with Tesla CEO Elon Musk set to visit India.
While Schaeffler has fallen by 17%, Timken and SKF s declines stand at 20% and 22%, respectively. This is despite the headline index Nifty gaining over 10% during this period.
SKF India Ltd. key Products/Revenue Segments include Bearings & Components, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.
Top PMS fund manager Saurabh Mukherjea, whose firm Marcellus handles HNI money worth around Rs 10,000 crore, has picked 4 new smallcap stocks in his Little Champs portfolio. In his bank-focused Kings of Capital portfolio, Home First Finance has been replaced with MAS Financial Services while SKF India is the new stock pick in midcap-heavy Rising Giants portfolio. Mukherjea told investors in a note that positive developments in interest rate cuts by the Fed can improve consumer sentiments and benefit stocks with global market exposure.