Timken India Ltd
TIMKEN

718.40

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Turnover (lac)
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Day's Vol.(shares)

717.50

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Accumulate
Reco. Price
Rs 706.00
We recommend ACCUMULATE on the stock on the back of increased government spending in core sectors. We expect focus on export to drive topline. The stock is currently trading at P/E of 40.6x on FY18E earnings. (Target Price– Rs.775
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50 DMA (.)
642.62
100 DMA (.)
626.89
200 DMA (.)
595.43
Weekly Range (.)
707.50
748.00
Monthly Range (.)
606.65
748.00
52 Weeks Range (.)
495.20
748.00
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