Espresso Shot of the Day - Triveni Turbine Ltd up by 8.64 percent

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Espresso Shot of the Day - Triveni Turbine Ltd up by 8.64 percent

March 01, 2023
Espresso Shot of the Day - Triveni Turbine Ltd up by 8.64 percent

TRIVENI TURBINE LTD 344.70 (+8.64%) BSE – INE152M01016 | 01st  March 2023 

 https://www.myespresso.com/images/Triveniturbine-ltd_HAL-202303011908392137055.jpg

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

  • On February 28,2023 management of Triveni Turbine ltd has guided around 20 per cent revenue growth in the next 2-3 years with profit before tax of around 20-21 per cent given the robust order book and enquiry pipeline.
  • On February 17,2023, FTSE Russell has added Triveni Turbine ltd in the global small cap index with effect from March 20, 2023.
  • The company reported a quarterly net profit of Rs. 43.78 crores in December 2022, up 39.96% from the Rs. 31.28 crores reported in December 2021.
  • On August 1,2022, the company reported a quarterly net sale of Rs. 292.87 crores in December 2022, up 35.08% from the Rs.216.81 crores reported in December 2021.
            (Sources: BSE, Money control, Business Standard)­


Technical Force*

  • S&P Bse500 month till date gain by 1.00%.
  • 3 months avg. NSE volume: 1,270,911
  • Quantity traded: 2,76,328| Deliverable quantity: 63,666 (23.04%).
  • Stock price jumped by more than 130 % from a one-year low level: 146.90 (June 17, 2022)
  • Daily RSI (14) is near overbought territory today.
  • 52-week-high: 368.30 | 52-week-low: 146.90


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

492.80

400.90

330.70

238.80

168.60

76.70

6.50

-

Fibonacci Pivot

400.90

338.98

300.72

276.08

238.80

201.52

176.88

138.62

76.70


Today’s Close

344.70

SMA

BSE

10 DAY

303.83

20 DAY

290.54

50 DAY

276.80

200 DAY

233.87


Some Key Ratios (Source: BSE)

Market Cap:  11,144.34 Crores

PE: 82.89

OPM%: 21.63

ROE%:  17.19

Promoters holding%: 55.94

Prev. Close:  317.30


https://www.myespresso.com/images/espresso_shot_blog_credit_image-202212011811370680578.jpgThe 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.