Timken India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 18330.81 Crore) operating in Engineering sector.

Promoters held 0.22 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 47.86 per cent and 15.44 per cent, respectively.

The Nifty IT index was trading 0.68 per cent down at 27947.85.

The stock traded at a P/E multiple of 91.71, while the price-to-book value ratio stood at 7.87.

The Nifty Auto index was trading 0.07 per cent down at 11842.55.

A total of 9,138 shares changed hands on the counter till 10:25AM (IST)

“I do not see a case for a significant correction from the current price point. The risk to the earning is not very high at this point of time and even if one gets an earning growth of 12-14% for next year, the market would be quite happy to go with that kind of a number.”

Minda Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 27168.13 Crore) operating in Auto Ancillaries sector.

On the technical charts, the 200-day moving average of the stock stood at Rs 4531.59.

Promoters held 0.0 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 13.34 per cent and 15.31 per cent, respectively.