The board of directors of the company, at its meeting held on November 2, 2022, had approved a proposal of the buyback of fully paid-up equity shares of the company through the tender offer route, at a price of Rs 350 per equity share for an aggregate amount not exceeding Rs 190 crore.

"Stock investors are different from cricketers, actors and musicians. Passion remains the driving force in other disciplines like cricket, acting and music, but the lure to make big money is the first and immediate driving force for investors. But passion comes after an investor has learnt to get it right."

Triveni Turbine Ltd. key Products/Revenue Segments include Turbines, Spares And Others, Sale of services, Export Incentives, Scrap for the year ending 31-Mar-2022.

The buyback offer size represents 24.79% and 22.86% of the aggregate of the company's fully paid-up equity capital and free reserves as per the standalone and consolidated audited financial statements of the company, respectively, for the financial year ended March 31, 2022.

Continuing its daily rising trend, the stock moved towards its highest level of Jan 2020 (Rs 491.70). The key technical indicators are positively poised on long-term as well as medium-term timeframe charts.

The Nifty Realty index closed 1.24 per cent down at 418.75.

The Nifty IT index closed 0.93 per cent down at 26729.1.

The Nifty Pharma index closed 1.13 per cent up at 13118.95.

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 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.

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.

The Nifty Pharma index was trading 0.09 per cent up at 12517.65.

Triveni Turbine Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6470.96 Crore) operating in Engineering sector.

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 Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 6063.59 Crore) operating in Engineering sector.

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."

The growth was led by expansion in overseas markets, Nikhil Sawhney, the managing director of Triveni Turbine, told ET. About 40% of the companys orderbook is from international business.

Triveni Turbine Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 5806.57 Crore) operating in Engineering sector.

"Our wholly-owned subsidiary Mis Triveni Turbines DMCC has signed an agreement for acquisition of 70 per cent equity shares of TSE Engineering Pty. Ltd. (TSE)," Triveni Turbine said in a BSE filing.

"Today there is a lot of choice amongst the platform companies or the new age businesses. We so far are betting only on the profit making companies which are generating cash flows. We have not yet invested into companies which are continuing to make losses but who knows what happens in future, says Nilesh Shah.