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CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors.we provide intraday as well as delivery stock tips in NSE and BSEand commodity tips in MCX and NCDEX. Read More

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In this service we provide 3-4 intraday calls in MCX with a high level of accuracy. The calls are given in Precious Metals, Base Metals and Energies. You can also avail Free Tips for two days to test our accuracy and if satisfied you can join the services with Capital Stars. Read More

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CapitalStars provides Free Trial in Intraday as well as in Positional Services of Equity, Derivatives, and Commodities and Forex Markets. We provide recommendations in NSE, BSE, MCX, NCDEX, and MCX-SX etc. We render you enough entry and exit time in our calls so clients can easily maximize their profits. Read More

Wednesday, 5 July 2017

ABC Bearings to merger with Timken India; stock zooms 62% in 3 days : 5 Jul 2017

ABC Bearings was locked in upper circuit for the second straight day, up 20% at Rs 286 on BSE, after the company said that the board has approved the merger with Timken India.

Shareholders of ABC Bearings will get five shares of Timken India for eight shares held, according to the filing to the stock exchanges.

The stock trading at its record high level has zoomed 62% in past three trading sessions from Rs 177 on June 30, 2017.

The Scheme is subject to the approval of the shareholders and creditors of ABC Bearings, approval of the regulatory authorities and the sanction of the National Company Law Tribunal (NCLT), the company said in a statement.

The transaction contemplated under the Scheme is expected to close in the quarter ended March 31, 2018, subject to the receipt of all approvals. The transferor company shall stand dissolved without winding up pursuant to the Scheme, it added.

Timken India is a subsidiary of The Timken Company, which is a US-based leading manufacturer of taper roller bearings, which is the also the main product currently being manufactured by the Timken India.

Both the Timken India and ABC Bearings intend to and can achieve larger product portfolio, access new domestic and export markets, increase market share, economies of scale, efficiency, and other related economies through this Amalgamation, the company said.

Till 9:25 am; around 9,326 shares of ABC Bearings have changed hands and there were pending buy orders for 1.61 million shares on BSE.

Timken India was trading 4% higher at Rs 700, after hitting high of Rs 708 in early morning trade.

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