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TIMKEN

TIMKENDisclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:TIMKENLong
by Kaviarasu_Chandrasekar
2
#TIMKEN - The Bearings Theme Long at 2485 with an SL of 2375 Timken India Ltd is engaged in the manufacturing, distribution, and sale of anti-friction bearings, components, accessories and mechanical power transmission products for the customer base across different sectors. (Screener) The bearings sector as a whole is showing very good strength when compared to the overall market. They have reported very good numbers inspite of high inflation environment prevailing now. Timken is one of the best-performing stocks in this sector. EPS of 16 v/s 7 YoY in Q4 EPS of 16 in Q4 v/s 9.2 in Q3 Price gapped up after earnings, Sustained the gap and then moved up with heavy volumes. Classic PEG(Price Earning Gap) example. Strong Price action + Good Results makes it a very attractive buy at these levels. Since the market looks weak now, I have taken only 50% of the risk I usually take. Will look to average up as and when overall market sentiments improve.
NSE:TIMKENLong
by Jay2888