The company also said it will shut its Jamshedpur plant during August 25 and September 3 due to low demand and better demand planning for production efficiency.

Timken India tumbles 3% after Q1 numbers disappoint

Timken India, Aether Industries, Krishna Institute Of Medical Sciences Ltd (KIMS), CreditAccess Grameen, NMDC and Kalyan Jewellers were among midcaps that saw MF buying during the month.

IEX, Bandhan, ZEEL, Cyient, PB Fintech shares: Midcap stocks that MFs sold in June

Mutual funds hiked holdings in top 3 Adani group cos by 12% to Rs 3,454 cr in June. MFs also increased stake in HDFC, Coal India, HDFC AMC, Timken India, NMDC & IKIO Lighting. SBI MF increased holding in Krishna Institute, Indian Energy Exchange & Fusion Micro Finance.

MFs’ large-cap schemes mop-up Adani group stocks

Trade Talk | FTSE Increases Weights Of HDFC AMC, Shriram Finance & Timken

This will lead to a cumulative inflow of $44 million into these scrips, according to Nuvama Alternative & Quantitative Research

FTSE ups weights of HDFC AMC, Shriram Finance, Timken. Check inflows expected

Timken Singapore Pte Ltd sold around 7.6 million shares in the open market in a deal valued at Rs 2,361.89 crore, bringing down its stake to 57.7 percent from 67.8 percent

Timken India gains a day after tanking 7%

Indian indices opened on flat note today amid weak Asian markets.

The Sensex was down 50.22 points or 0.08% at 63,118.08, and the Nifty was down 13.20 points or 0.07% at 18,742.30. About 1362 shares advanced, 666 shares declined, and 120 shares unchanged.

HDFC Life, Tata Consumer, Apollo Hospitals, SBI Life Insurance and Adani Enterprises were among major gainers on the Nifty, while losers were HUL, Maruti Suzuki, Bajaj Finserv, M&M and Hero MotoCorp.

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CNBC TV18 LIVE | Indices Open Flat Amid Weak Asian Markets; HDFC AMC, IndiGo, Timken In Focus

The 30-share BSE Sensex pack fell 202 points or 0.32 per cent to trade at 62,967, while the broader NSE Nifty moved 57 points or 0.30 per cent down to trade at 18,698. Mid- and small-cap shares were negative as Nifty Midcap 100 shed 0.13 per cent and small-cap edged 0.07 per cent down.

Sensex falls over 250 points, Nifty trades below 18,700; IIFL Securities & Timken India dive up to 16%; HDFC AMC jumps 8%

Stocks to watch out for today: Adani Transmission, HDFC AMC, IIFL Securities, IndiGo, Can Fin Homes, Timken India, Aether Industries and more

Stocks in news: Adani Transmission, HDFC AMC, IIFL Securities, Can Fin Homes and more

According to BSE, 89.14 lakh shares worth Rs 2,780 crore exchanged hands as of 10.05 am while 32.26 shares amounting to Rs 1,027.61 crore were traded on the NSE.

Timken India shares plunge 11% amid block deals; promoter Timken Singapore likely seller

Timken India topped the turnover chart with a turnover of Rs 1,242 crore on NSE and Rs 2,804.01 crore on BSE. Promoter Timken Singapore Pte was looking to offload 8.4 per cent stake in the company through block deals today.

Timken India, HDFC AMC, ICICI Bank, HDFC Bank, Adani Enterprises, Tata Motors shares see high turnover

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Timken India Limited is engaged in the manufacture and distribution of tapered roller bearings, components and accessories for the automotive sector and the railway industry.

Timken India Ltd