Global, local sugar prices at multi-year high, Triveni Engineering up over 10% in 5 days. VC and MD Tarun Sawhney shares his outlook for the industry going ahead.

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Triveni Engineering's Tarun Sawhney on Sugar Industr's Outlook | BQ Prime

Sharekhan is bullish on Triveni Engineering and Industries has recommended buy rating on the stock with a target price of Rs 360 in its research report dated July 26, 2023.

Buy Triveni Engineering and Industries; target of Rs 360: Sharekhan

Triveni Engineering opened at ₹280.85 on Monday on Bombay Stock Exchange and was trading last at ₹280 at 1.30 pm, against the previous closing price of ₹280.80.

Triveni Engg becomes top supplier of grain-based ethanol from UP

Triveni Engineering & Industries Ltd (TEIL), a diversified integrated business conglomerate and a large sugar manufacturer in India, will increase its sugarcane crushing capacity to 63,000 tonnes per day (TCD) during the current fiscal.

Triveni Engg to increase sugarcane crushing capacity this fiscal

Sharekhan is bullish on Triveni Engineering and Industries has recommended buy rating on the stock with a target price of Rs 340 in its research report dated May 26, 2023.

Buy Triveni Engineering and Industries; target of Rs 340: Sharekhan

The positive recommendation comes on the back of Triveni Engineering’s strong financial performance in the fourth quarter of FY23. The company reported robust results, primarily driven by higher sugarcane crushing, an increase in ethanol production capacity, and a greater focus on producing B-heavy …

Triveni Engineering rallies 2% post robust Q4 results

Triveni Engineering & Industries Ltd.’s net profit rose 74% to ₹190.31 crore in the fourth quarter of the last fiscal year.

Triveni Engineering Q4 net rises 74% to ₹190 crore

Triveni Engineering & Industries Ltd’s net profit has risen 74 per cent to Rs 190.31 crore in the fourth quarter of the last fiscal year.

Triveni Engineering & Industries Q4 net profit rises 74 pc to Rs 190 crore

Triveni Engineering & Industries’ net profit has risen 74 per cent to ₹190.31 crore in the fourth quarter of the last fiscal year. Its net profit stood at ₹109.17 crore in the year-ago period, according to a regulatory filing.

Triveni Engineering & Industries Q4 net profit rises 74% to ₹190 crore

The company posted a 74 percent year-on-year jump in consolidated net profit at Rs 190.31 crore for the quarter ended March

Triveni Engineering gains as Q4 profit soars

The board of directors approved the re-appointment of Tarun Sawhney as managing director of the company for a further period of five years

Triveni Engineering and Industries Q4 net profit rises 74% to Rs 190 crore

The creamy layer - amongst the top performing stocks

Performance

Can be considered moderately valued vs the market

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Triveni Engineering & Industries Limited is engaged in the manufacture of sugar.