We would like to share with you details on the Straight equity + Special situation opportunity on NRB Bearings (NSE Code – NRBBEARING).
This opportunity was shared at Rs 39.50 with around 6-7% portfolio allocation recommendation to Alpha + members and we finally closed it on 20th Sep’12 at around Rs 46.50 (inclusive of Rs 2/- per share dividend), a moderate gain of ~17% in 6 months.
Yes, finally, because we missed booking profits in Jul’12 when the stock reached a high of Rs 48 (before going ex-dividend) in mid Jul’12.
Note: The stock is now trading on ex-demerger basis and therefore the opportunity stands closed, however we hope that the attached report helps you in identifying and participating in such special situation opportunities in future.
Anyways, besides the de-merger of industrial bearings unit, there was also a straight equity investment perspective considering the operating performance of the company and the fact that at Rs 39.5 NRB Bearings was offering a dividend yield of more than 5%.
In case of any queries, please contact the undersigned.
Ph.: 0120-4109766, Mob: +91-9818866676