Timken stock spiked today with more than 20 Rs in a single session . look at volume it's more 1 million stock traded http://money.rediff.com/companies/timken-india-ltd/14510007
It's been on a very narrow range for long time. Finally some movement in Timken .
Why is this move ? Timken is majority owned by parent company in america. Is it increasing stake ? Or is it funds jumping into this stock ?
Timken announced plans to expand its heavy equipment business , that could be a trigger too.
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