Timken India Ltd (TIMKEN)

SEBI Investigates Trading in ABC Bearings During Merger with Timken India - 18 Sep, 2023

The Securities and Exchange Board of India (SEBI) conducted an investigation into suspected entities trading on unpublished price-sensitive information related to the merger of ABC Bearings with Timken India Ltd between January-July 2017.

Timken India Collaborates with Renewable Energy Companies - 24 Aug, 2023

Analysts are bullish on Timken India stock due to capital investment plans for Vande Bharat trains, freight wagons, and electric locomotives. Recovery in private capex is expected to positively impact the stock's performance.

Timken India Promoter Sells Shares Worth Rs 2,394 Crore - 18 Aug, 2023

Promoters of Timken India Ltd sold shares worth Rs 2,394 crore via the open market, reducing their holding from 67.8% to 57.7%. The stock also surpassed its 100-day SMA and closed at Rs 3210.9 on August 17.

Timken India Reports Decline in Q1 Profit, Shares Slump on Plant Closure - 14 Aug, 2023

Timken India Ltd's Q1 FY24 net profit declines by 23.6%, while revenue increases by 2.6%. The company also announces the closure of its Jamshedpur plant for a week due to low demand.

Timken India's RSI Dips, Caution Advised - 08 Aug, 2023

The Relative Strength Index (RSI) for Timken India Ltd has dipped, indicating a potential slowdown in momentum. Investors should be cautious and watch for any clear trend reversal signals.

Timken India Announces Dividend - 04 Aug, 2023

Timken India Ltd has announced a dividend of Rs 1.5 per equity share with a face value of Rs 10, with the record date set for August 4.

Timken India Ltd Manufactures Anti-Friction Bearings and Mechanical Power Transmission Products - 17 Jul, 2023

Timken India Limited is a manufacturer of anti-friction bearings, mechanical power transmission products, and related services. The company operates through its Bearings and allied goods & services segment, providing engineered bearing products such as ball, cylindrical, house units, plain, precision, spherical, tapered, and thrust.

Mutual Funds Raise Stake in Timken India Ltd - 14 Jul, 2023

Mutual funds increased their stake in Timken India Ltd from 84 lakh shares to 1.21 crore shares in June, buying shares worth Rs 1,270 crore for the month.

Timken India's ROCE Outpaces Industry Average - 03 Jul, 2023

Timken India has an ROCE of 22%, outpacing the industry average of 15%. The company has been reinvesting profits at increasing rates, indicating opportunities for internal investment. Promising fundamentals suggest further due diligence is warranted.

Timken India gains 1% as promoter sells shares - 21 Jun, 2023

Shares of Timken India rose by 1% after its promoter, Timken Singapore Pte Ltd, sold around 7.6 million shares in the open market. The company reported a YoY increase in revenue but a decline in net profit for Q4 FY23. Analysts anticipate substantial capital investment over the next three years and a recovery in private capital expenditure to have a positive impact on the stock's performance. Timken India plans to allocate Rs 600 crore for a greenfield manufacturing plant dedicated to producing cylindrical and spherical roller bearings.

Timken India shares plunge as promoter offloads stake - 20 Jun, 2023

Timken Singapore Pte Ltd, one of the promoters of Timken India, sold a 10.1% stake in the firm for Rs 2,362 crore through an open market transaction. The stock fell over 11% on June 20 after the parent company sold up to 8.4% stake for INR 1,890 crores through an open market transaction. The floor price was fixed at INR 3,000 per share, which is a 14% discount to Monday’s closing price of INR 3,485.5.

Timken Singapore to sell 8.4% stake in Timken India - 19 Jun, 2023

Timken Singapore proposes to sell an 8.4% stake in Timken India for up to $231 million. Floor price set at 14% discount to Monday's closing level.

Timken India Ltd sees 356% share price rise in 5 years - 18 Jun, 2023

Despite underperforming in earnings growth and having slow revenue forecast, Timken India Ltd has achieved compound EPS growth of 31% per year. The company has a low dividend and is expensive based on P/E ratio and estimated fair value. TSR for the last 5 years was 381%, exceeding the share price return.