SKF India is a smart gainer

SKF India is amongst the top 5 gainers on the BSE since morning. From yesterday’s close of Rs.1360, it went up to an intra day high at Rs.1422 and remains strongly in the green. Its 52-week high is at Rs.1550.

The stock is up after the company announced that its Board will be meeting on 13^th Feb to consider a buy back of equity shares.

As at end of 31^st Dec 2016, promoters stake stood at 53.58%, FIIs held 12.56%, mutual funds hold 16.82% while retail investors held 10.32%.

The company, on the same day, 13^th Feb, will also announce its financial performance for Q3FY17.