IIFL has buy call on Timken India with a target price of Rs 1625. The current market price of is Rs 1560.
Time period given by analyst is Intra Day when Timken India Ltd. price can reach defined target.
Timken India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 11593.46 Crore) operating in Engineering sector.
Time period given by analyst is Intra Day when Timken India Ltd. price can reach defined target.
Timken India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 11593.46 Crore) operating in Engineering sector.
Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 483.22 Crore, up 25.39 % from last quarter Total Income of Rs 385.38 Crore and up 17.05 % from last year same quarter Total Income of Rs 412.82 Crore. Company reported net profit after tax of Rs 52.93 Crore in latest quarter.
Investment Rationale
Stock is trading in a strong higher top higher bottom chart structure and has given a consolidation breakout on the daily chart.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
