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Timken India shares have been stuck in a range since November 2022 where Rs 3,700-3,800 acted as a stiff resistance, while on the downside, levels above Rs 2,500 acted as support on the weekly charts. Short to medium-term traders can look to buy the stock on dips for a possible target of Rs 5,000-5,100 in the next few months, suggest experts.
India's largest life insurer Life Insurance Corporation of India on Monday reported a net profit of Rs 13,782 crore for the quarter ended March 31, 2024, which was up by 4.5% over Rs 13,191 crore reported in the corresponding period of the last financial year. The company board has declared a final dividend of Rs 6 per share.
Timken India, Inox Wind, Concord Biotech, IIFL Finance, UltraTech Cement, Honasa Consumer, Adani Energy Solutions, Nykaa, Keystone Realtors in news.
Here are some of the stocks that may see significant price movement today: LIC, Timken India, Adani Energy Solutions, etc.
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.