Buy Triveni Turbine, target price Rs 570: Motilal Oswal

economictimes.indiatimes.com:

Triveni Turbine with a target price of Rs 570. The current market price of Triveni Turbine is Rs 498.2.

Triveni Turbine Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 16143.38 Crore) operating in Engineering sector.

Triveni Turbine Ltd. key Products/Revenue Segments include Turbines, Spares And Others, Sale of services, Erection & Other Services, Export Incentives, Scrap for the year ending 31-Mar-2023.

Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 448.92 Crore, up 11.58 % from last quarter Total Income of Rs 402.32 Crore and up 32.93 % from last year same quarter Total Income of Rs 337.70 Crore. Company reported net profit after tax of Rs 68.45 Crore in latest quarter.

Promoter/FII Holdings Promoters held 55.84 per cent stake in the company as of 31-Dec-2023, while FIIs owned 27.28 per cent, DIIs 12.49 per cent.