₹50 to ₹480: Multibagger stock Triveni Turbine rises 860% in four years. Motilal Oswal, Sharekhan see more upside

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Stock to buy today: Triveni Turbine shares are one of the multibagger stocks that the Indian stock market has delivered in recent few years. In the post-COVID rally, Triveni Turbine share price has ascended from around ₹50 to ₹480 apiece level on NSE, delivering to the tune of 860 percent return to the bottom fishers. However, some brokerage firms still see some upside in this multibagger stock.

Motilalal Oswala has given a 'buy' call on Triveni Turbine shares giving a target price of ₹540 apiece whereas Sharekhan has given a 'buy' tag to the multibagger stock giving a target price of ₹550 apiece. Highlighting the financials of Triveni Turbine shares, Motilal Oswal said, "The stock is currently trading at 41X/31X FY25E/26E P/E. We tweak our estimates to factor in higher costs as the company enters new markets to expand its aftermarket presence.

We roll forward our valuation to March 26E. We reiterate our BUY rating with a revised target price of ₹540. Key risks to our recommendation would come from slower-than-expected order inflow growth, lower-than-expected margins, and a slowdown in global geographies." Showcasing strong fundamentals of Triveni Turbine shares, Sharekhan report says, "We have revised our estimates for FY2025 and FY2026 to build in higher profitability our call valuation.

Increasing traction in aftermarket services and exports is a healthy sign as this would also lead to better profitability. Further, climate change mandate in its key export markets will drive growth for its products. The stock trades at 29 times its FY2026E EPS, which we believe offers room for an upside, considering a strong growth prospectus and robust ROE/ROCE ratios.