Buy Triveni Engg. & Inds., target price Rs 435: IIFL Securities

IIFL Securities recommends buying Triveni Engg. & Inds. shares at the current market price of Rs. 416.3, with a target price of Rs. 435. This indicates an expected upside potential of approximately 4.46%. The brokerage firm is optimistic about the company's strong order book and growth prospects in the power and sugar sectors. Triveni Engg. & Inds. is a leading integrated engineering solutions provider in India, offering a range of products and services across various industries. The company has a proven track record of delivering quality products and services, and its financial performance has been consistently strong.

About Triveni Engg. & Inds.:

Triveni Engineering & Industries Limited is an Indian engineering and construction company headquartered in New Delhi. It operates in the power, water treatment, and sugar sectors. The company's power business includes the design, manufacture, and installation of thermal power plants, while its water treatment business provides water treatment solutions for industrial, municipal, and residential applications. Triveni Engineering also offers engineering, procurement, and construction services for sugar plants. It has a global presence with operations in over 20 countries and is listed on the National Stock Exchange of India (NSE).

52 Week Price Trend:

Triveni Engg. & Inds. (NSE: TRIVENI) is currently trading at Rs 416.3, close to its 52-week high of Rs 417. The stock has had a remarkable run-up in the past year, surging from a 52-week low of Rs 250.1. This growth is attributed to the company's strong financial performance, driven by increased demand for its sugar and ethanol products. Analysts remain optimistic about the company's future prospects, citing its robust business model and expansion plans. As a result, Triveni Engg. & Inds. has emerged as a promising investment option for those seeking exposure to the sugar and ethanol industries.

Stratzy's MOST Analysis:

TRIVENI has been rated AA by Stratzy's MOST framework, indicating a medium fundamental risk. This is based on an assessment of the company's management, outlook, safety, and trend. The rating suggests that TRIVENI has a well-managed team with a strong track record, a positive outlook for the future, a sound financial position, and an overall positive trend.

Company's Fundamentals:

Triveni Engg. & Inds. (TRIVENI) trades at a Stock PE of 17.68, indicating that investors are willing to pay INR 17.68 for every INR of earnings. Its PB Ratio of 2.79 suggests that the market values its assets at 2.79 times its book value. TRIVENI's Dividend Yield of 0.95% implies that it pays out approximately 0.95% of its share price as dividends annually, offering a modest income stream to shareholders.

Fundamental and Technical information provided in this blog were last updated on 19 Jun, 2024

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