Triveni Turbine rises 5%, hits 52-week high on fixing record date for share buyback
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.
ETMarkets Fund Manager Talk: Lure of big money the major driving force for equity investors: Basant Maheshwari
"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.
Big Movers on D-St: hat should investors do with Cochin Shipyard, Triveni Turbine and Rites?
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.
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."
Posting record results in FY22, Triveni Turbine is eyeing an encore in FY23
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 rises 3% as arm to buy stake in TSE Engineering
"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.
Stock has formed horizontal channel formation pattern with upside breakout on a daily chart. Positional traders can accumulate stock at 195-200 level expecting upside move upto 220-225+ level and a new all time high's in a coming trading session with the he......read more
Why digitisation remains the most powerful theme for Indian market
"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.
#TRITURBINE : Triveni Turbine today crossed 200. it was suggested at 150 zone on my post dated 28th Sep 2021. This stock was suggested for short term/ long term