Buy Triveni Engineering & Industries, target price Rs 465: Axis Securities
Triveni Engineering & Industries with a target price of Rs 465. The current market price of Triveni Engineering & Industries Ltd. is Rs 409.85.
Triveni Engineering & Industries Ltd., incorporated in the year 1932, is a Small Cap company (having a market cap of Rs 9053.62 Crore) operating in Sugar sector.
Triveni Engineering & Industries Ltd. key Products/Revenue Segments include Diesel, Petrol & Lubricants, Sale of services, Other Goods (Traded), Other Operating Revenue, Scrap for the year ending 31-Mar-2023.
Financials For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1317.68 Crore, down -1.16 % from last quarter Total Income of Rs 1333.09 Crore and down -17.86 % from last year same quarter Total Income of Rs 1604.13 Crore. Company reported net profit after tax of Rs 160.50 Crore in latest quarter.
Promoter/FII Holdings Promoters held 60.98 per cent stake in the company as of 31-Mar-2024, while FIIs owned 4.91 per cent, DIIs 8.6 per cent.
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