TRIVENI ENGG. & INDS. LTDUpdated Triveni Engineering: ₹73.05 Next resistance ₹85, STOP: ₹70
Triveni Engineering & Industries Ltd: ₹73.05 is turning up from a double bottom support,
the stock is in a highly oversold region and having a breakout from the trading range.
Next resistance ₹85, STOP: ₹70
Triveni is a sugar' stock but the fundamentals are not like that, it is having a huge debt burden.
The current performance is somewhat in an acceptable range with sales & profit growth.
Rated two stars out of Five
Market Cap.: ₹1,884.29 Cr.
Book Value: ₹23.38
Debt/equity 2.58 (Huge burden)
Stock P/E: 5.98
Dividend Yield: 0.00%
Face Value: ₹1.00
52 Week High/Low: ₹ 99.90 / ₹ 46.90
Return on capital employed: 3.49%
Number of equity shares: 25.79cr
EPS: ₹9.81
Expected quarterly EPS: ₹4.84 is a good sign.
the stock is in a highly oversold region and having a breakout from the trading range.
Next resistance ₹85, STOP: ₹70
Triveni is a sugar' stock but the fundamentals are not like that, it is having a huge debt burden.
The current performance is somewhat in an acceptable range with sales & profit growth.
Rated two stars out of Five
Market Cap.: ₹1,884.29 Cr.
Book Value: ₹23.38
Debt/equity 2.58 (Huge burden)
Stock P/E: 5.98
Dividend Yield: 0.00%
Face Value: ₹1.00
52 Week High/Low: ₹ 99.90 / ₹ 46.90
Return on capital employed: 3.49%
Number of equity shares: 25.79cr
EPS: ₹9.81
Expected quarterly EPS: ₹4.84 is a good sign.
Note
To all my readers: I am getting ready for a short vacation for 3 weeks, and if time permits only I can make new posting in that period. But definitely will try to attend your intimation & reservations.Thank you all
Note
Yet another opportunity in triveni for a 30 to 40 % gain, Here again 85 price level will have resistance. stock can go to 100 and above. keep a strict stop at 73.
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