Whats the news in Timken India?.Zoomed 25 % in 1 week
- Timken India ,the bearing company which operates both in auto and infraspace saw a huge movement last week.It has moved more than 100 RS in past 1 week or 25%
- So what the news that is moving this stock with Huge volume.It started after AGM on Aug 13 was complete.
- The Parent company Timken, headquaters in US is holding close to 75 %. On July the management said there is no plan of Delisting the company.
- Some say that the results are really good for this quarter which will be announced on Sep 30.
- Whatever is happening it not known,but huge volumes indicates that there is further updside for this stock till 500 to 600 Rs.
- Lets wait and see when the news comes out.
Heineken International increase stake in UBL to 40.51%
- King of Goodtimes is coming to an end it seems. Yes Heineken International has bought another 1.51 % of UBL Share from Open Market.It looks like these where sale of Pledge share which Heineken took at Rs 726 a Piece.
- This bring the Stake of Heineken to more than 40 % in the group. As per filing with NSE by McDowell there was 4.05 % of shares which the Holding company had .now it has reduced to 3.96 % on account of invocation of pledge created in favor of lender.Which i believe the pledge share by McDowell has been sold of.
- Total of 250,000 Shares changed hands at Rs 726.
- As more pledge shares come to sale Heineken is for sure to buy it.Last year in Dec 2013 it bought 1.39 % from open market to increase it stake to 39%
