IIFL Securities Stock Idea: Buy Triveni Engg. & Inds. with Target Rs 525
IIFL Securities issued a "buy" recommendation for Triveni Engg. & Inds. on September 16, with a target price of Rs 525. This represents a potential upside of 5.25% from the current market price of Rs 498.95. The recommendation is based on the company's strong financial performance and its position as a leading player in the sugar and ethanol industry. The company's recent investments in capacity expansion and operational efficiency are expected to drive further growth in the future.
About Triveni Engg. & Inds.:
Triveni Engineering & Industries Limited, listed on the National Stock Exchange (NSE) of India, is a diversified engineering conglomerate with over four decades of experience. The company operates in two major segments: Sugar and Bioenergy, and Engineering Products and Services. In the sugar industry, Triveni is India's largest manufacturer of sugar and ethanol production equipment. In the engineering domain, it offers specialized products and services for power, cement, and infrastructure industries. Triveni has a strong global presence with operations in over 100 countries.
52 Week Price Trend:
Triveni Engg. & Inds. (TRIVENI) has experienced significant price appreciation in the past year, with its current market price standing at Rs 498.95. However, its 52-week range shows substantial volatility, with a high of Rs 417 and a low of Rs 250.1. The stock has outperformed its 52-week low by a notable margin, indicating a strong rally, but investors should exercise caution due to the prior price fluctuations.
Stratzy's MOST Analysis:
Triveni Turbine has received an AA rating from Stratzy's MOST framework, indicating medium Fundamental Risks. This rating is based on the company's strong Management, positive Outlook, high Safety, and favorable Trend. The MOST framework assesses a stock's overall health and assigns a rating based on four key pillars. Triveni Turbine's AA rating suggests that it has a healthy balance of strengths and weaknesses, with its positive aspects outweighing any potential risks. This rating provides investors with valuable insights into the company's overall risk profile and can guide investment decisions.
Company's Fundamentals:
Triveni Engg. & Inds. (NSE: TRIVENI) is a leading manufacturer of sugar, ethanol, and power generation equipment. With a stock PE of 17.68, it trades at 17.68 times its earnings per share, indicating a moderate valuation. Its PB Ratio of 2.79 suggests that its market value is 2.79 times its book value, implying a premium to its accounting value. The company offers a Dividend Yield of 0.95%, providing investors with a reasonable stream of passive income. Overall, TRIVENI's financial ratios indicate a combination of moderate valuation, premium to book value, and potential income generation for shareholders.
Fundamental and Technical information provided in this blog were last updated on 14 Sep, 2024
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