Remain invested in Timken India: Lancelot D'Cunha

Lancelot D'Cunha of Sharyans Wealth Management told CNBC-TV18, "Long-term investor should remain invested in Timken India. The company has almost 50 percent of the taper bearing market which is mainly used in the industrial segment. Presently because the economy has slowed down and we are seeing the bottom of the cycle, it would obviously have impacted Timken's sales and consequently even their profit margins would have got eroded to an extent."

He further added, "The industrial cycle has to turn, especially when you look at it from the past, because we have crossed rock-bottom and going forward we should see an improvement in economic growth over the next 2-3 quarters and thereby Timken would also start to show better performances. So one should remain invested and maybe average out at lower values so that once the economy turns and Timken starts to do better you could get an option to cash out at better profits."