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Even as the midcap index has returned more than 40% since January, a few stocks have run up by nearly 50% in the same period. One such stock, the shares of Timken India have run up by nearly 49% since January. HDFC Securitieshas a buy rating on the shares with a target price of Rs 1,054. Timken India shares closed at Rs 896.95 on NSE this afternoon. The brokerage firm’s target price implies an upside of nearly 18% from the current market prices.

“Timken India is among the leading manufacturers of tapered roller bearings in India. The acquisition of ABC Bearings has further strengthened its position in tapered roller bearings market and provided an entry into wheel-end bearing segment which is estimated to be Rs 400 cr market. Post-acqu ... Read more »

Category: Finance | Views: 139 | Added by: lokeshkola | Date: 01.03.2018 | Comments (0)