FIIs and DIIs Chase Two Premium Auto-Component Stocks

Two companies that make parts for vehicles are attracting large investors.

These investors include foreign institutions, called FIIs, and Indian institutions, called DIIs.

NRB Bearings makes bearings and other components that can be used in regular cars, hybrids and electric vehicles.

It is also expanding into industrial equipment, aerospace and defence.

Craftsman Automation makes engine, transmission and aluminium parts and is building new factories.

Both companies reported strong increases in sales and profits during the quarter.

However, their shares already cost more than those of many similar companies.

This means their future projects must perform well for investors to earn good returns.