Timken India Limited
SBI Mutual Fund increased its stake in Timken India Limited from 3.78% to 4.07%, raising its shareholding from 2,842,564 to 3,061,729 shares. The total value of the increased stake is approximately ₹71.21 crore, calculated at a share price of ₹3260.30.
A manufacturer and distributor of anti-friction bearings, components, and mechanical power transmission products serving diverse industrial sectors across India. Timken India provides maintenance contracts, refurbishment services, and comprehensive industrial solutions to its customer base. Established in 1987, the company operates as part of the global Timken Group, bringing international expertise in bearing technology, mechanical power transmission, and specialized industrial services to multiple industry verticals.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.