IIFL Securities Stock Idea: Buy Triveni Turbine with Target Rs 550
IIFL Securities has issued a buy call on Triveni Turbine, with a target price of Rs 550, an upside of approximately 2.3% from the current market price of Rs 537.6. The brokerage firm believes that the company's strong order book and execution capabilities will drive its growth in the coming quarters. Triveni Turbine is a manufacturer of steam turbines, turbo generators, and other industrial products.
About Triveni Turbine:
Triveni Turbine Limited is an Indian multinational engineering enterprise focused on turbomachinery. It is headquartered in Bengaluru, Karnataka, India. The company designs, manufactures, and offers life-cycle services for steam turbines, gas turbines, and their related auxiliaries used in the power generation industry. Triveni Turbine also provides engineering and construction services for power plants and industrial projects. The company has a global presence with manufacturing facilities in India, China, and Brazil, and service centres in over 20 countries.
52 Week Price Trend:
Triveni Turbine's current market price (CMP) stands at Rs 537.6, indicating a significant surge compared to its 52-week high of Rs 498. However, the stock has also experienced a considerable decline from its 52-week low of Rs 291.35. This wide range in price fluctuations suggests market volatility and potential for both gains and losses. Investors considering Triveni Turbine should carefully evaluate the company's fundamentals, industry trends, and overall market conditions before making investment decisions.
Stratzy's MOST Analysis:
TRITURBINE's exceptional AAA rating from Stratzy's MOST framework reflects its robust management, positive outlook, strong safety record, and favorable market trend. The company exhibits high operational efficiency, effective leadership, and a clear strategic vision. Its financial performance is promising, with consistent growth and stability. TRITURBINE's commitment to safety and compliance ensures operational integrity, while the positive market trend indicates industry growth and demand for its products or services. Overall, the AAA rating signifies TRITURBINE's strong fundamentals and minimal investment risks.
Company's Fundamentals:
Triveni Turbine (TRITURBINE), listed on the National Stock Exchange (NSE) of India, has certain financial ratios that provide insights into its valuation and dividend policy. The Stock PE of 58.35 indicates that investors are willing to pay 58.35 times the company's annual earnings per share to own its stock, reflecting a premium based on its growth potential. The PB Ratio of 16.34 suggests that the company's current market price is 16.34 times its book value, an indicator of its assets relative to its market capitalization. Additionally, TRITURBINE's Dividend Yield of 0.29% shows that the company pays a small dividend in relation to its share price, implying that investors are primarily focused on the potential capital gains rather than the income generated from dividends.
Fundamental and Technical information provided in this blog were last updated on 26 Mar, 2024
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