Buy Triveni Engg. & Inds.: IIFL Securities's Target Price Rs 460
IIFL Securities has issued a buy recommendation for Triveni Engineering & Industries, with a target price of Rs 460, representing a potential upside of 3.56% from its current market price of Rs 444.15. The company's strong financial performance, including consistent revenue and profit growth, has been cited as the key reason for the bullish outlook. Triveni Engineering & Industries is engaged in the manufacturing of sugar, alcohol, and ethanol plants, with a presence in both domestic and international markets. The buy call is based on the company's healthy order book, potential for margin expansion, and growth opportunities in the renewable energy sector.
About Triveni Engg. & Inds.:
Triveni Engineering & Industries Limited (TEIL) is an Indian multinational manufacturing company based in New Delhi. It is engaged in the design, engineering, manufacturing, and servicing of a wide range of products, including sugar, distillery, bio-energy, process engineering, and water treatment solutions. The company operates in over 100 countries and has established a global footprint with manufacturing facilities in India, Brazil, Thailand, China, and Italy. TEIL is listed on the National Stock Exchange of India (NSE) and has a market capitalization of over ₹10,000 crores (US$1.3 billion).
52 Week Price Trend:
Triveni Engg. & Inds. (TRIVENI) is currently trading at Rs 444.15, well within its 52-week range of Rs 250.1 to Rs 417. Despite the recent surge in stock price, it is still below its 52-week high. TRIVENI's strong financial performance and growth prospects make it an attractive investment opportunity. The company has consistently delivered strong revenue and profit growth in recent quarters. Its focus on expanding its product portfolio and entering new markets is expected to drive future growth. With its solid fundamentals and attractive valuation, TRIVENI is a stock worth considering for long-term investment.
Stratzy's MOST Analysis:
Triveni Turbine Limited has received an AA rating from Stratzy's MOST framework, indicating a moderate fundamental risk. This is based on an assessment of the company's management, outlook, safety, and trend. The rating suggests that Triveni Turbine has a strong management team, positive outlook, robust safety practices, and favorable market trends. The AA rating indicates that investors may consider Triveni Turbine to be a relatively low-risk investment with a solid financial foundation.
Company's Fundamentals:
Triveni Engg. & Inds. (NSE:TRIVENI) exhibits financial metrics that provide insights into its valuation and income potential. The stock's PE ratio of 17.68 suggests that investors are willing to pay 17.68 times the company's annual earnings for each share. The PB ratio of 2.79 indicates that the stock is trading at 2.79 times the value of its assets. The dividend yield of 0.95% represents the annual return that investors can expect to receive from dividends as a percentage of the stock's price. These metrics collectively provide a snapshot of the company's financial health and valuation in the market.
Fundamental and Technical information provided in this blog were last updated on 17 Aug, 2024
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