NRB Bearings Nears 52-Week High After JV Deal With Italian Mondial Group

NRB Bearings’ share price (NSE: NRBBEARING) gained sharply on December 2, rising as much as 2.67% to ₹312.75, close to its 52-week high of ₹314.70. Around 10:20 AM, the stock was trading 1.67% higher at ₹309.70, even as the Sensex was down 0.4%.

The stock’s day range was between ₹306.50 and ₹313.25, while the 52-week range stands at ₹191.45 to ₹313.25.

Reason for the Rise

The stock moved up after NRB Bearings announced a joint venture (JV) with Unitec S.r.L. and Mondial S.p.A., both part of Italy’s Mondial Group.

Details of the Joint Venture

• The JV will manufacture a new range of Cylindrical Roller Bearings (CRBs) for industrial use.
• It may later expand into select mobility-related applications.
• Unitec, one of Italy’s top bearing manufacturers, will offer technical and operational support.
• Unitec has also agreed to buy back 20% of the JV’s production.
• The JV will be set up in Uppal, Hyderabad.
• NRB Bearings will hold at least 75%, while Unitec will hold up to 25%.
• Key financial and strategic decisions will need approval from the JV’s board.

NRB Bearings Q2 FY26 Financial Performance 

• Revenue: Up 7.9% YoY to ₹325.2 crore
• PAT: Up 15.2% YoY to ₹41.4 crore
• EBITDA: Up 9.1% YoY to ₹67.9 crore
• EBITDA Margin: Improved to 20.9% from 19.6%

Also Read: E2W Market Saw a Fall of 20% in November 2025: TVS Reclaimed Top Seller with 20% Market Share!

About NRB Bearings

Founded in 1965, NRB Bearings is a major Indian multinational known for high-precision friction solutions. It offers over 3,000 bearing designs, serves 45 countries, and operates eight plants across India and Thailand.

More than 90% of vehicles in India use NRB components. Its clients include Mercedes-Benz, Honda, Volvo, Audi, John Deere, ZF, and Maruti Suzuki.

Conclusion

NRB Bearings’ stock gained momentum as investors welcomed its new JV with Italy’s Mondial Group. The partnership strengthens NRB’s industrial product portfolio and adds global expertise, while its strong quarterly numbers further support positive market sentiment.

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