NRB Bearings

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NRB Bearings' share price rose after the company announced a joint venture (JV) agreement with Unitec S.r.L. and Mondial S.p.A., both part of the Italian Mondial Group, to form a JV company in India.

NRB Bearings shares have recovered sharply over the past several months, rising nearly 51 per cent from their 52-week low of ₹191.45, recorded on March 3.

Till 01:39 PM; a combined 9.7 million equity shares representing 2.9 per cent of total equity of NRB Bearings have changed had on the NSE and BSE.

NRB Bearing is in hybrid vehicles across segments for Marquee customers in Europe and USA and in applications for E-Mobility vehicles across segments, which is the growth driver for exports

On Friday, NRB Bearing's stock finally witnessed a breakout from the congestion zone

The stock hit a record high of Rs 200, up 6%, surpassed its previous high of Rs 193 touched on June 13, 2018, in intra-day trade.