Timken India shares surge 12%; JM Financial maintains a ‘buy’, raises target price

Timken India's shares are up more than 66 percent as of November 30 close this year against an 8 percent gain in the benchmark Sensex.

Timken India shares jump 19% after the company announces a new manufacturing facility in Gujarat

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In the last one year period Timken India has gained more than 75%, in contrast to the movement in the Nifty50 index, which has increased by 2.25% in the same period. Further, the market price of the stock has surged nearly 295.14% in the last three years and 340.35% in five years.

Timken India stock drops 6% after Q2 earnings; trading at one-month low

On September 09, the stock hit an all-time high of Rs.3,493. The stock began to rise in May after falling to a 52-week low of  <span class='webrupee'>₹</span>1,734, and it has since given its shareholders a 65.45% return. Timken India commands a market capitalization of Rs. 21,362.12 crore. 

Timken India hits all-time high; up 300% in 3 years

Timken's net profit surged 128.87 per cent YoY to  <span class='webrupee'>₹</span>121.30 crore, which is one of the highest in the industry, Trendlyne data showed. The company delivered an ROE of 19.74% in the year ending March 31, 2022, outperforming its five-year average of 14.46%.

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Timken India shares surge 12%; JM Financial maintains a ‘buy’, raises target price

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