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Timken India Abc Bearings

Growth triggers to keep earnings trajectory robust for Timken India

New plant expected to boost company's revenues, margins

Growth triggers to keep earnings trajectory robust for Timken India
Updated On : 06 Dec 2022 | 11:06 PM IST

Timken India soars 10% on plans to set up Gujarat manufacturing facility

The company will set up new manufacturing facility at Bharuch, Gujarat to manufacture Spherical Roller Bearings (SRB), Cylindrical Roller Bearings (CRB), and other components

Timken India soars 10% on plans to set up Gujarat manufacturing facility
Updated On : 17 Nov 2022 | 11:35 AM IST

Vinay Rajani of HDFC Securities is positive on M&M, Timken India; check why

M&M closed with a bullish engulfing pattern on the daily chart with a jump in volumes

Vinay Rajani of HDFC Securities is positive on M&M, Timken India; check why
Updated On : 24 Aug 2022 | 8:12 AM IST

IRCTC, 3M India, Fine Organic: Strategies for buzzing stocks of the day

The BSE Sensex and the Nifty 50 stand currently 10 per cent higher from the May 2021 levels, and if positive sentiment continues, the market may repeated a similar bull run.

IRCTC, 3M India, Fine Organic: Strategies for buzzing stocks of the day
Updated On : 30 May 2022 | 12:09 PM IST

Timken India surges 14% on strong March quarter results

Going forward, Timken is expected to perform better with sustainable margins, new product launches and better performance in Indian CV & PV segment.

Timken India surges 14% on strong March quarter results
Updated On : 30 May 2022 | 10:42 AM IST

Timken India's ABC Bearings acquisition a win-win for both firms

Timken India (Timken), having doubled it capacities in FY17 to tap growth opportunities, is paying a significant premium for acquiring ABC Bearings. On Wednesday, Timken entered into a definitive agreement to acquire ABC Bearings (ABC) in an all stock deal. The deal will see Timken issue five shares of the company for every eight shares held in ABC, to the latter's shareholders. Although Timken is paying a whopping 77.43 per cent premium to ABC's shareholders (based on Tuesday's closing prices and swap ratio), the same looks justified given that ABC's portfolio fits well into Timken's product portfolio. Also, the opportunities now existing in the bearing industry are immense, and the move will help Timken fructify its long-term growth goals.For ABC, which comparatively is a smaller entity (FY17 revenues just about a fifth of Timken's), their shareholders will now become a part of a multinational group (MNC) and a strong brand; Timken India is 75 per cent owned by US-headquartered The .

Timken India's ABC Bearings acquisition a win-win for both firms
Updated On : 05 Jul 2017 | 11:36 PM IST

Bearings stocks rally; Bimetal Bearings, Fag Bearings hit record high

Timken India entered into definitive agreement to acquire ABC Bearings

Bearings stocks rally; Bimetal Bearings, Fag Bearings hit record high
Updated On : 05 Jul 2017 | 8:00 PM IST