Meanwhile, the S&P BSE Sensex was down 49.71 points or 0.18% at 28,176.90.

On the BSE, 12,000 shares were traded on the counter so far as against the average daily volumes of 8,505 shares in the past one quarter. The stock had hit a high of Rs 623.30 and a low of Rs 604 so far during the day.

The stock had hit a record high of Rs 675.05 on 25 January 2017 and a 52-week low of Rs 400.50 on 18 March 2016. The stock had underperformed the market over the past one month till 2 February 2017, advancing 3.17% compared with the Sensex's 6.13% rise. The scrip had, however, outperformed the market over the past one quarter, gaining 10.58% as against the Sensex's 2.54% rise.

The mid-cap company has equity capital of Rs 68 crore. Face value per share is Rs 10.

Shares of Timken India have lost 6.54% in two trading sessions from its close of Rs 655.95 on 1 February 2017, after the company reported weak Q3 December 2016 earnings at the fag end of market hours yesterday, 2 February 2017. The stock had lost 2.42% to settle at Rs 640.10 yesterday, 2 February 2017.

Timken India's net profit fell 35% to Rs 13.28 crore on 9% decline in net sales to Rs 228.30 crore in Q3 December 2016 over Q3 December 2015.

Timken India engineers and manufactures bearings and mechanical power transmission components including gear drives, couplings, belts and chain.