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.
Timken Singapore Pte Ltd sold around 7.6 million shares in the open market in a deal valued at Rs 2,361.89 crore, bringing down its stake to 57.7 percent from 67.8 percent
Net Sales are expected to increase by 13 percent Y-o-Y (down 3.3 percent Q-o-Q) to Rs. 433.2 crore, according to Kotak.
While the bearings sector looks interesting from a growth versus valuation standpoint, we like SNL Bearings, Menon Bearings and NRB Bearings