Weekly Stock Recommendation [18-10-2021 to 22-10-2021]
Script Name Call No Buy/Sell CMP Buy upto 1st Target 2nd Target Stop Loss High/Low Remark
SBIN W-1 Buy 490.60 485 500 507++ 480 - -
ADANIENT W-2 Buy 1646.35 1635 1680 1692++ 1625 - -
ICICIBANK W-3 Buy 727.30 724 737 741++ 720 - -
LTI W-4 Buy 6098.90 6035 6195 6255++ 6000 - -
JUBLFOOD W-5 Buy 4409.60 4380 4498 4555++ 4350 - -
LTTS W-6 Buy 4817.05 4790 4890 4947++ 4765 - -
HAVELLS W-7 Buy 1474.10 1460 1500 1520++ 1440 - only Risk Trader
ANGELBRKG W-8 Buy 1637 1610 1680 1700++ 1600 - only Risk Trader
Main-line IPO
Company Name Open Date Close Date Issue Size Issue Price Lot Size Mini App Allotment Status
SME IPO
Company Name Open Date Close Date Issue Size Issue Price Lot Size Mini App Allotment Status
D.K. Enterprises Global IPO Details 07-10-2021 12-10-2021 ₹ 7.99 Cr ₹ 40 3000 ₹ 1,20,000 -

SKF India Limited Buy-Back Details

SKF's roots in India can be traced back to 1923, when a trading arm of SKF Group was set up in Kolkatta. Since then SKF has been serving the Indian market with high quality bearings for over 3 decades. SKF India Ltd was incorporated in the year 1961 as a result of collaboration between AB SKF, Associated Bearing Company limited and Investment Corporation of India Ltd and the first manufacturing plant was commissioned in Pune in the year 1965.

Today, with 3 manufacturing facilities located in Pune, Bangalore and Haridwar, with 11 sales offices across India and a supplier network of over 300 distributors, SKF continues to serve the varied markets with reliable solutions. Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven integrated solutions provider, helping customers achieve sustainable and competitive advantage.
SKF India Limited Buy-Back Details
Date of Board Meeting for Buyback Proposal 24-10-2018
Date of Buyback Approval 24-10-2018
Date Public Announcement of Buyback 24-10-2018
Buyback Type Tender Offer
Buyback Record Date 21-12-2018
Buyback Opening Date 23-01-2019
Buyback Closing Date 05-02-2019
Buyback Amount ₹ 399 Cr
Buyback Number of Share 19,00,000
Buyback Price ₹ 2100 Per Share
Face Value ₹ 10
Holding Time 3 Months
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Profit acceptance Ratio
Buy 95 Shares at CMP ₹ 1700 [2,00,000/2100 = 95]
Acceptance Ratio 33% 50% 75% 100%
Buy Price ₹ 1700 ₹ 1700 ₹ 1700 ₹ 1700
Amount Invested in Buyback ₹ 1,61,500 ₹ 1,61,500 ₹ 1,61,500 ₹ 1,61,500
No. of Shares Buy 95 95 95 95
Earning Per Share ₹ 400 ₹ 400 ₹ 400 ₹ 400
No. of Shares Buy-Back 31 48 71 95
BuyBack Profit ₹ 12,540 ₹ 19,000 ₹ 28,500 ₹ 38,000
Profit(%) - % - % - % - %
SKF India Limited Contact Details
SKF India Limited
Mahatma Gandhi Memorial Building
Netaji Subash Road, Charni Road,
Mumbai - 400 002
Phone No. +91 22 6633 7777
Fax No. +91 22 2281 9074
website: www.skf.com
Registrar of SKF India Limited
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