Big Movers on D-St: What should investors do with Triveni Turbine, Bharti Airtel and Cipla?
Telecom major Bharti Airtel's revenue increased at a yearly rate of 4.14 per cent during the past five years, compared to the industry average of 1.37 per cent. The market share climbed from 58.61 per cent to 67.06 per cent during the same time.
Triveni Turbine climbs up to 9% on reports of block deal
Triveni Turbine is a smallcap company with a market capitalization of Rs 7,612 crore. The company is a leading industrial steam turbine manufacturer, with a dominant market share of over 60 per cent in India. The companys offerings include steam turbine solutions.
Big Movers on D-St: What should investors do with Triveni Turbine, Karur Vysya Bank and Federal Bank?
Stocks that were in focus include names like Triveni Turbine which rose over 8 per cent, Karur Vysya Bank which gained over 7 per cent, and Federal Bank which closed with gains of more than 3 per cent. All stocks hit a fresh 52-week high.
#TRITURBINE breaks out closes at all time highs—- it’s typical box 📦 formation breaks out in 12 monthly candlesticks patterns & closing lifetime highs —- my expectations about stock is in a bullish mood and can reach ₹354 in abnormal movements in further monthly chart consoli......read more
Over 40% upside potential! Why brokerages are bullish on this stock post Q1 results
The brokerage firm believes that the companys strong margin profile, lean working capital, healthy cash flows, balance sheet and long-term growth prospects will support its valuations and future projections. Given the strong enquiry pipeline, managements focus on cost rationalization, and improving operational efficiency, it expects the company to generate revenue.
Triveni Turbine rallies 14% after robust Q1 numbers
Triveni Turbine Limited (TTL) has core competency in the area of industrial steam turbines, designing and manufacturing them up to 100 megawatt size. In a separate statement, Dhruv M Sawhney, Chairman and Managing Director, Triveni Turbine said, "The company has started FY23 on a positive note. During the quarter, we have reported yet another record order booking in a single quarter of Rs 360 crore, which will boost our performance in the year."