Shares of Rolex Rings Limited have delivered impressive returns over the past few months. The auto ancillary stock ended last week with 6% gains. The Gujarat-headquartered company is likely to benefit from the ‘Make in India’ theme, according to IDBI Capital which sees nearly 17% upside potential in the stock.
Rolex Rings Limited shares ended 2.20% lower on Friday, as part of some correction witnessed after strong rally in the previous session.
With the settling down of the tariff uncertainty and improved demand outlook in both the business verticals, Rolex is likely to benefit from the ‘Made in India’ ecosystem.
The company reported strong set of numbers in the second quarter of financial year 2026-27. Its revenue from operations, EBITDA and profit after tax (PAT) increased by 43%, 72%, and 67% for the quarter on an annual basis.
“The revenue growth was majorly led by strong growth in the exports of auto components which grew by 90% YoY to ₹1.29bn. The domestic bearings segment and the domestic auto components segment registered healthy growth of ~10% and ~30% respectively on YoY basis,” highlighted the brokerage in its report.