TIMKEN INDIA Surges by 11%; BSE 500 Index Up 0.3%
May 22, 2019 09:28 AM

TIMKEN INDIA share price has zoomed 11% and is presently trading at Rs 618.

Meanwhile, the BSE 500 Index is at 15,198 (up 0.3%).

Among the top Gainers in the BSE 500 Index today is TIMKEN INDIA (up 10.9%).

RURAL ELECTRIFICATION and GRASIM are among the top losers today.

Over the last one year, TIMKEN INDIA has moved down from Rs 687 to Rs 618, registering a loss of Rs 69 (down 10.4%).

On the other hand, the BSE 500 has moved up from 14,449 to 15,198, registering a gain of 749 points (up 5.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were DCM SHRIRAM (up 128.2%), BALRAMPUR CHINI (up 126.3%) and ADANI POWER (up 124.8%).

What About the Benchmark Indices?

The BSE Sensex is at 39,126 (up 0.4%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 1.6%), TATA MOTORS (up 1.2%) and RELIANCE IND. (up 1.1%). Other gainers include SUN PHARMA (up 1.1%) and ICICI BANK (up 1.1%). The most traded stocks in the BSE Sensex are TATA MOTORS and RELIANCE IND..

In the meantime, NSE Nifty is at 11,754 (up 0.3%). BHARTI INFRATEL (up 1.6%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,616 to 39,126, registering a gain of 4,510 points (up 13.0%).

TIMKEN INDIA Financial Update...

TIMKEN INDIA net profit stood at Rs 264 million for the quarter ended December 2018, compared to a profit of Rs 92 million a year ago. Net Sales rose 38.1% to Rs 3.8 billion during the period as against Rs 2.8 billion in October-December 2017.

For the year ended March 2018, TIMKEN INDIA reported 5.4% decrease in net profit to Rs 920.0 million compared to net profit of Rs 972.0 million during FY17.

Revenue of the company grew 12.0% to Rs 13 billion during FY18.

The current Price to earnings ratio of TIMKEN INDIA, based on rolling 12 month earnings, stands at 36.0x.