A company with innovative approach and basically into bearing manufacturing with niche product, SKF Bearing is a very dependable stock. Current quoting around 1160, it had the 52 week high of 1540.
Decent market exposure to the tune of 6148 crore, its price to earning almost matched other players while it has massive and growing reserves of over 1300 crore with equity capital of just 52 crore. Good dividend pay master with book value of more than 300, it is fairly priced for now and warrant entry.
Company is more into retaining into profit as also serving decently its share holder. A cash rich company, the stock is worth 1400 for those who can hold it with conviction.
It should well form part of one's core portfolio as a defensive stock too with price appreciation too in place.