Buy Triveni Engineering; target of Rs 360: ICICI Direct
ICICI Direct is bullish on Triveni Engineering recommended buy rating on the stock with a target price of Rs 360 in its research report dated January 27, 2023.
Buy Triveni Engineering and Industries, target of Rs 340: Sharekhan
Sharekhan is bullish on Triveni Engineering and Industries has recommended buy rating on the stock with a target price of Rs 340 in its research report dated January 25, 2023.
Triveni Engineering & Industries, incorporated in the year 1932, is a Small Cap company (having a market cap of Rs 6608.38 Crore) operating in Sugar sector.
Sugar stocks fetched sweet returns last year. Charts tell a different tale for this year
Record production, surging exports and the ethanol story is working wonders of Indian sugar companies. But can the past returns sustain despite an ongoing correction?
Sweet cravings! Sugar stocks rally up to 10% today. What's cooking?
The stock holding limit will be worked out on the basis of giving 100% weightage to the month-end notional stock of the preceding month," the ministrys notification said.
Triveni Engineering announces Rs 800-crore share buyback at a 24% premium
In accordance with the draft offer letter, the company would buy back or repurchase up to 2,28,57,142 equity shares at a price of Rs 350 apiece. The buyback price is at a premium of 24% as against the companys share price on the day prior to the announcement.