IIFL Securities's Market Watch: Buy Triveni Turbine with Target Rs 525

IIFL Securities has buy call on Triveni Turbine at current market price of Rs 501.4. The target price of Triveni Turbine is Rs 525.

About Triveni Turbine:

Triveni Turbine Limited is an Indian manufacturer of steam turbines, turbo generators, and other power generation equipment. Established in 1990, the company is headquartered in Bengaluru, India. Triveni Turbine serves various industries including power utilities, refineries, petrochemical plants, and sugar mills. It has four manufacturing facilities in India and a global presence with customers in over 90 countries. The company has a strong focus on research and development and holds several patents and trademarks. Triveni Turbine is publicly listed on the National Stock Exchange of India (NSE) and has a market capitalization of approximately INR 17,000 crores (as of July 2022).

52 Week Price Trend:

Despite witnessing significant volatility in the past year, Triveni Turbine's current market price (CMP) of Rs. 501.4 remains within the range of its 52-week highs and lows. The company's recent performance has influenced its CMP, which has fluctuated between a peak of Rs. 498 and a low of Rs. 291.35 within the past 12 months. Investors should carefully consider the company's fundamentals, market conditions, and future prospects before making any investment decisions based on its CMP.

Stratzy's MOST Analysis:

TRITURBINE has received an AAA rating from Stratzy's MOST framework, indicating the lowest fundamental risks. This favorable assessment is attributed to the company's strong management team, promising outlook, robust safety measures, and positive industry trends. This comprehensive evaluation suggests that TRITURBINE has a stable foundation and is well-positioned for long-term success, making it an attractive investment opportunity with minimal fundamental risks.

Company's Fundamentals:

Triveni Turbine (NSE:TRITURBINE) is a company that manufactures steam turbines for power plants. It is currently trading at a Price-to-Earnings (PE) ratio of 58.35, indicating that investors are willing to pay 58.35 times the company's annual earnings to own its shares. The Price-to-Book (PB) ratio of 16.34 suggests that the company's market value is 16.34 times its book value, which is a measure of its assets minus liabilities. The Dividend Yield of 0.29% indicates that the company pays a relatively low proportion of its earnings as dividends.

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

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