Espresso Shot of the Day - Triveni Turbine Ltd up by 9.11 percent

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Espresso Shot of the Day - Triveni Turbine Ltd up by 9.11 percent

October 03, 2022
Espresso Shot of the Day - Triveni Turbine Ltd up by 9.11 percent

TRIVENI TURBINE LTD 256.20  (+9.11%) BSE – INE152M01016 | 3rd October 2022

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Triveni Turbine Limited (TTL) is a dominant Industrial Steam Turbine manufacturer with a global footprint spanning over 75 countries. TTL has been helping customers achieve power self-sufficiency and sustainability with its customized steam turbines up to 100 MW range. TTL offers robust backpressure and condensing steam turbines that work across a wide range of pressure and flow applications. For TTL, customer relations mean much more than just completing the contractual commitment of supplying and commissioning the turbine. With over 5000 turbines installations in over 75 countries globally, the company is fast spreading its global footprint to more countries and geographies.


Recent Drivers

  • The Board of Directors of the Company approved Mr. Arun P. Mote's re-appointment as a Whole-time Director of the Company for an additional two years, beginning on November 1, 2022, and ending on October 31, 2024, subject to the approval of the shareholders by postal ballot on September 27, 2022.
  • On September 22nd, 2022, Triveni Engineering & Industries announced the divestment of is entire 21.85% stake in Triveni Turbine (TTL) worth Rs.1,609 crores, unlocking significant value for shareholders.
  • The company reported a quarterly net profit of Rs.38.25 crores in June 2022, up 37.84% from Rs. 27.75 crore in June 2021 on August 1,2022.
  • On August 1,2022, the company reported a quarterly net sale of Rs.259.04 crores in June 2022, up 40.74% from the Rs.184.06 crores reported in June 2021.
  • The company declared the final dividend of Rs. 0.85 per equity share and special dividend of Rs 0.70 per equity share of face value Rs. 1/- each as recommended by the Board of Directors on July 27,2022, if approved at the AGM.
(Sources: BSE, Money control, Business Standard)­


Technical Force*

  • S&P Bse500 month till date loss by 1.29%.
  • 3 months avg. NSE volume: 1,122,739
  • Quantity traded: 3,76,364| Deliverable quantity: 66,466 (17.66%).
  • Stock price jumped by more than 70 % from a one-year low level: 146.90 (June 17, 2022)
  • Daily RSI (14) is near overbought territory today.
  • 52-week-high: 262.60| 52-week-low: 146.90


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

401.93

315.52

252.48

166.07

103.03

16.62

-

-

Fibonacci Pivot

315.52

258.43

223.16

200.44

166.07

131.69

108.98

73.71

16.62


Today’s Close

256.20

SMA

BSE

10 DAY

233.80

20 DAY

227.66

50 DAY

206.32

200 DAY

188.38


Some Key Ratios (Source: BSE)

Market Cap:  8,283.09 Crores

PE: 32.35

OPM%: 19.53

ROE%:  33.20

Promoters holding%: 67.78

Prev. Close:  234.80


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.