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The stock traded at a P/E multiple of 26.8, while the price-to-book value ratio stood at 5.01.

The benchmark BSE sensex has had a bumpy ride since scaling its all-time high level of 62,245 in October last year. The index did go past the 60,000-mark on 2 occasions this year, but could not hold on to it for long. On Wednesday, after 178 days, BSE sensex again breached the psychological level of 60,000.

Saving is an indispensable part of the financial toolbox, providing the capital imperative to invest: on a minimum level investing allows one to keep pace with cost-of-living expense-upswing created by inflation; on a maximum level, long-term investing opens the possibility of compounding interest.

“The pace of the rebound in FIIs flows is likely to take a bit of a pause in the next weeks and months. I would not say big pause but certainly if the inflation data comes out to be of negative surprise meaning too much inflation or if the Fed continues to talk much more hawkish, you could see some risk-off and really it is not about India specific.”

Timken India Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 22653.25 Crore) operating in Engineering sector.

The stock quoted a 52-week high price of Rs 354.55 and a 52-week low of Rs 206.7.

Indo Amines (IAL) is a manufacturer, developer and supplier of fine chemicals, specialty chemicals, performance chemicals, perfumery chemicals and active pharmaceutical ingredients. The products manufactured by the company find application in various industries such as pharmaceuticals, agrochemicals, fertilizers, petrochemicals, road construction, pesticides, perfumery chemicals, dyes and intermediates, etc.

The Nifty Pharma index was trading 1.12 per cent down at 12834.25.

A total of 3,149 shares changed hands on the counter till 11:32AM (IST)

The scrip plunged 6.32 per cent to hit a low of Rs 505. Blackstone was seeking to raise as much as Rs 3,180 crore through the sale of shares in the automotive component maker, according to terms of the deal seen by Bloomberg News.