ABC Bearings soars 96%; Poona Dal zooms 67% in a week

Venky's (India), JBM Auto, Tinplate Company and Alfred Herbert were up between 35% and 45%.

ABC Bearings soared more than 95%; Poona Dal & Oil Industries rallied 67% on BSE during the current week.

ABC Bearings has locked in upper circuit for the fourth straight trading sessions, up 10% to Rs 346. The stock trading at its all-time high has zoomed 101% from Rs 177 on June 30, 2017.

Timken India on Wednesday announced that it has entered into a definitive agreement to acquire the ABC Bearings through a court-approved amalgamation process.  ABC Bearings shareholders will get five Timken India shares in exchange for eight of ABC Bearings.

ABC Bearings is a