Timken India soars 10% on plans to set up Gujarat manufacturing facility

The company will set up new manufacturing facility at Bharuch, Gujarat to manufacture Spherical Roller Bearings (SRB), Cylindrical Roller Bearings (CRB), and other components

Shares of Timken India soared 10 per cent to Rs 3,210 per share in Thursday’s intra-day trade after the company plans to set up new manufacturing facility at Bharuch, Gujarat, in order to manufacture Spherical Roller Bearings (SRB), Cylindrical Roller Bearings (CRB), and other components.

At 11:07 am; shares traded 8 per cent higher at Rs 3,164, as against 0.21 per cent decline in the benchmark index. In the past six months, the stock price of Timken India zoomed 71 per cent, as against 14 per cent rally in the S&P BSE Sensex. 

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