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Timken India shares in news today as promoter likely to offload stake

Top 10 stocks for today – 28th May 2024

Here are some of the stocks that may see significant price movement today: LIC, Timken India, Adani Energy Solutions, etc.

Timken India surges 8% after parent Timken Singapore pares 6.65% stake

Reports also suggest that the block deal will trigger a 180-day lock-in for Timken India s promoter entity before they can execute another tranche of stake sale.

timken india shares: Timken India shares jump 8% after Rs 1,800 crore block deal

On Tuesday, Timken India, a bearings manufacturer, saw a significant surge of 7.5% to reach a high of Rs 4,250 on the BSE, attributed to a substantial block deal valued at approximately Rs 1,800 crore, involving the exchange of 6.65% of equity shares.

Stocks to Monitor: Timken, LIC, NMDC, Inox Wind, Hudco, Dish TV, Goodyear

Stocks to watch on Tuesday, May 28, 2024: Indian equities are poised for a positive start, as indicated by GIFT.