Timken India fell 1.65% to Rs 680 at 9:42 IST on BSE after net profit fell 22.7% to Rs 21.92 crore on 6.3% increase in net sales to Rs 299.89 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours yesterday, 8 August 2017.
Meanwhile, the S&P BSE Sensex was down 109.21 points, or 0.34% at 31,904.98. The S&P BSE Mid-Cap index was down 80.08 points, or 0.52% at 15,333.07.
On the BSE, 600 shares were traded on the counter so far as against the average daily volumes of 10,398 shares in the past one quarter. The stock had hit a high of Rs 685 and a low of Rs 680 so far during the day. The stock had hit a record high of Rs 815.40 on 6 July 2017 and a 52-week low of Rs 515 on 21 November 2016.
The stock had underperformed the market over the past one month till 8 Aug 2017, declining 9.01% compared with the Sensex's 2.08% rise. The scrip had also underperformed the market over the past one quarter declining 5.19% as against the Sensex's 6.98% rise. The scrip had, however, outperformed the market over the past one year advancing 20.52% as against the Sensex's 13.6% rise.
The mid-cap company has equity capital of Rs 68 crore. Face value per share is Rs 10.
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Timken India is engaged in the business of engineering and manufacturing bearings and mechanical power transmission components including gear drives, couplings, belts and chain.
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