TIMKEN INDIA Plunges by 11%; BSE 500 Index Down 8.6%
March 23, 2020 09:50 AM

TIMKEN INDIA share price has plunged 11% and is presently trading at Rs 771.

Meanwhile, the BSE 500 Index is at 10,631 (down 8.6%).

Among the top losers in the BSE 500 Index today are TIMKEN INDIA (down 10.6%) and MRF LTD. (down 5.0%).

THYROCARE TECHNOLOGIES (up 8.5%) and IPCA LABS (up 8.0%) are among the top gainers today.

Over the last one year, TIMKEN INDIA has moved up from Rs 580 to Rs 771, registering a gain of Rs 191 (up 33.0%)..

The BSE 500 has moved down from 15,137 to 10,631, loss of 4,506 points (down 29.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 271.3%), ABBOTT INDIA (up 87.5%) and NAVIN FLUORINE (up 65.0%).

What About the Benchmark Indices?

The BSE Sensex is at 27,901 (down 9.2%).

In the meantime, NSE Nifty is at 8,159 (down 9.0%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,901, registering a loss of 10,486 points (down 29.22%).

TIMKEN INDIA Financial Update...

TIMKEN INDIA net profit stood at Rs 846 million for the quarter ended December 2019, compared to a profit of Rs 264 million a year ago. Net Sales declined 3.0% to Rs 3.7 billion during the period as against Rs 3.8 billion in October-December 2018.

For the year ended March 2019, TIMKEN INDIA reported 61.6% increase in net profit to Rs 1.5 billion compared to net profit of Rs 920.0 million during FY18.

Revenue of the company grew 33.0% to Rs 17 billion during FY19.

The current Price to earnings ratio of TIMKEN INDIA, based on rolling 12 month earnings, stands at 22.9x.