TIMKEN.NSE Timken India Ltd.

Engineers India, Aditya Birla Fashion and Retail, Amara Raja Energy & Mobility, Aster DM Healthcare, EIH, Exicom Tele-Systems, and IRCTC are among the 440 companies set to announce their March quarter earnings on Tuesday.

The share sale is expected to have a floor price of Rs 3,550 per share, which is a 10.2% discount to Monday's closing price. CNBC-TV18 also learns that there will be a 180-day lock-in for the sellers.

Asit C Mehta recommended Accumulate rating on Timken India with a target price of Rs 4300 in its research report dated April 30 2024.

The Indian market has delivered returns superior to virtually every market in the world, be it on a 3-month, 1-year, 5-year, or 10-year basis, said Raj Balakrishnan, Managing Director, Co-Head of Investment Banking, Bank of America.