{"id":133755,"date":"2024-09-18T11:10:43","date_gmt":"2024-09-18T05:40:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=133755"},"modified":"2024-09-18T15:26:47","modified_gmt":"2024-09-18T09:56:47","slug":"auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/","title":{"rendered":"Auto ancillary stock jumps 3% after company to list on Nasdaq Stockholm"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3607442017\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of the leading automotive service provider gained up to 3 percent after the company\u2019s promoter announced the separation of its automotive business globally.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1129798986\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 26,933.80 crore, the shares of <strong>SKF India Ltd<\/strong> were trading at Rs 5,448.00 per share, increasing around 0.63 percent as compared to the previous closing price of Rs 5,421.05 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for rise:-&nbsp;<\/strong><\/h2><p>Today, the company shares have seen positive movement after SKF India Ltd\u2019s promoter announced the separation of its automotive business globally with the objective of a separate listing on Nasdaq Stockholm through a Lex Asea distribution to its shareholders. The intention is to list the Automotive business on Nasdaq Stockholm during the first half of 2026.&nbsp;<\/p><p>Moreover, the separation will enable Automotive to adapt more quickly to global market changes, make independent decisions, and invest strategically. This leaner business model will enhance its competitive edge and drive profitable growth while accelerating its profitability transformation.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3339393557\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management comments:-&nbsp;<\/strong><\/h2><p>\u201cWhen we launched our new business strategy in February 2022, we articulated a desire to create a more autonomous Automotive business to provide strategic flexibility. I also said that we need to make bold decisions to unlock additional long-term profitable growth opportunities. Initiating a separation of the Automotive business is one of those decisions,\u201d says Rickard Gustafson, President and CEO.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial performance:-&nbsp;<\/strong><\/h2><p>Examining the company\u2019s financial condition, revenue ramped up by 5 percent from Rs 1,150 crore in Q1FY24 to Rs 1,206 crore in Q1FY25, during the same time frame net profit zoomed significantly by 3 percent from Rs 155 crore to Rs 159 crore.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Footprint &amp; expansion:-&nbsp;<\/strong><\/h2><p>SKF India&#8217;s capacity expansion involves equipping its Pune production plant with a new cutting-edge manufacturing line for large-size bearings, increasing capacity by 40%. This endeavor is consistent with SKF&#8217;s commitment to expanding its footprint in the Indian market and satisfying the rising demand for industrial bearings and related solutions.&nbsp;<\/p><p>SKF has a pan-India footprint that includes six production sites, twelve offices, a supply network of over 450 distributors, and over 1700 devoted employees.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Profile:-&nbsp;<\/strong><\/h2><p>SKF India Limited specializes in providing products, solutions, and services for rolling bearings, seals, mechatronics, and lubrication systems. The company operates via the Bearings segment. Its products include rolling bearings, mounted bearings and housings, super-precision bearings, and slewing bearings.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-content-10\" id=\"trade-910201510\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3060209266\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of the leading automotive service provider gained up to 3 percent after the company\u2019s promoter announced the separation of its automotive business globally.&nbsp; With a market capitalization of Rs 26,933.80 crore, the shares of SKF India Ltd were trading at Rs 5,448.00 per share, increasing around 0.63 percent as compared to the previous [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":108757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-133755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Auto ancillary stock jumps 3% after company to list on Nasdaq Stockholm - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of the leading automotive service provider gained up to 3 percent after the company\u2019s promoter announced the separation of its automotive business globally.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auto ancillary stock jumps 3% after company to list on Nasdaq Stockholm\" \/>\n<meta property=\"og:description\" content=\"The shares of the leading automotive service provider gained up to 3 percent after the company\u2019s promoter announced the separation of its automotive business globally.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-18T05:40:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-18T09:56:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/09\/auto-ancillary.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/\",\"url\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/\",\"name\":\"Auto ancillary stock jumps 3% after company to list on Nasdaq Stockholm - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/09\/auto-ancillary.jpg\",\"datePublished\":\"2024-09-18T05:40:43+00:00\",\"dateModified\":\"2024-09-18T09:56:47+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"The shares of the leading automotive service provider gained up to 3 percent after the company\u2019s promoter announced the separation of its automotive business globally.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/09\/auto-ancillary.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/09\/auto-ancillary.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Auto ancillary stock jumps 3% after company to list on Nasdaq Stockholm\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Auto ancillary stock jumps 3% after company to list on Nasdaq Stockholm - Trade Brains Features","description":"The shares of the leading automotive service provider gained up to 3 percent after the company\u2019s promoter announced the separation of its automotive business globally.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/","og_locale":"en_US","og_type":"article","og_title":"Auto ancillary stock jumps 3% after company to list on Nasdaq Stockholm","og_description":"The shares of the leading automotive service provider gained up to 3 percent after the company\u2019s promoter announced the separation of its automotive business globally.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2024-09-18T05:40:43+00:00","article_modified_time":"2024-09-18T09:56:47+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/09\/auto-ancillary.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/","url":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/","name":"Auto ancillary stock jumps 3% after company to list on Nasdaq Stockholm - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/09\/auto-ancillary.jpg","datePublished":"2024-09-18T05:40:43+00:00","dateModified":"2024-09-18T09:56:47+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"The shares of the leading automotive service provider gained up to 3 percent after the company\u2019s promoter announced the separation of its automotive business globally.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/09\/auto-ancillary.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/09\/auto-ancillary.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-jumps-3-after-company-to-list-on-nasdaq\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Auto ancillary stock jumps 3% after company to list on Nasdaq Stockholm"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/133755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=133755"}],"version-history":[{"count":4,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/133755\/revisions"}],"predecessor-version":[{"id":133816,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/133755\/revisions\/133816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/108757"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=133755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=133755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=133755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}