Top Stocks Today : IIFL Securities has Buy call on Triveni Engg. & Inds. - June 19

IIFL Securities has issued a 'Buy' recommendation for Triveni Engineering & Industries at the current market price of Rs 416.3, with a target price of Rs 435. The brokerage firm cites the company's strong execution capabilities, improving order book, and focus on high-margin businesses as reasons for its bullish outlook. Triveni Engineering & Industries is expected to benefit from increased capital expenditure in the sugar, cement, and power sectors, which are its primary customers. The company's recent order wins and healthy pipeline of projects are also viewed as positives. Investors may consider accumulating the stock for potential upside in the medium term.

About Triveni Engg. & Inds.:

Triveni Engineering & Industries Limited is an Indian multinational engineering conglomerate headquartered in New Delhi. It was founded in 1959 by Prahladdas Poddar and is involved in manufacturing and engineering for various industries including power, sugar, cement, chemicals, and aviation. Triveni has a strong presence across India and has expanded internationally, with operations in over 100 countries. The company is known for its innovative and customized solutions, and is a leader in several of its segments. It is listed on the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE).

52 Week Price Trend:

Triveni Engineering & Industries' (TRIVENI) stock is currently trading at Rs 416.3, close to its 52-week high of Rs 417. Over the past year, the stock has exhibited significant growth, surging from its 52-week low of Rs 250.1. This strong performance suggests positive market sentiment towards the company. Factors contributing to this growth may include its expertise in sugar manufacturing, ethanol production, and water treatment solutions. Investors should carefully consider the company's financial performance, market trends, and industry outlook before making any investment decisions.

Stratzy's MOST Analysis:

Triveni's AA rating by Stratzy's MOST framework indicates that the company has been assessed as having medium fundamental risks. The framework evaluates companies based on their Management, Outlook, Safety, and Trend (MOST), and assigns an overall score. Triveni's AA rating suggests that it has demonstrated strong performance in these key areas, indicating a relatively stable and well-managed company. This rating provides investors with insights into Triveni's overall risk profile and potential investment opportunities.

Company's Fundamentals:

Triveni Engg. & Inds. (TRIVENI) has a Stock PE (price-to-earnings) ratio of 17.68, indicating its current market price is around 17.68 times its annual earnings per share. This suggests that investors are willing to pay a premium for each rupee of earnings compared to the industry average. The PB Ratio (price-to-book) of 2.79 implies that TRIVENI's market value is 2.79 times the net value of its assets. This indicates that the company is slightly overvalued compared to its peers. TRIVENI offers a Dividend Yield of 0.95%, which is a measure of the annual dividend paid per share as a percentage of the current stock price. This yield is relatively low, suggesting that the company prioritizes growth over dividend distribution.

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

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