Triveni Engineering & Industries

During Q3FY23, Triveni Turbine's order booking reached a new high of Rs 420 crore, leading to a total order booking of Rs 1,139 crore during 9MFY23, up 26.5 per cent YoY

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends Buy on RCF and Triveni Engineering.

These companies had fixed December 23, as the Record Date for the purpose of determining the entitlement and eligibility of share holders to in the share buyback.

CLOSING BELL: Individually, Punjab and Sind Bank (PSB), Bank of India, Bank of Baroda, Central Bank of India, Indian Overseas Bank, and UCO Bank gained between 6 per cent and 15 per cent

At 09:15 am; around 20.73 million equity shares representing 8.58 per cent total equity of Triveni Engineering changed hands on the BSE, the exchange data shows.

Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Triveni Engineering and GMM Pfaudler.

Sugar firm Triveni Engineering & Industries Ltd on Saturday reported a multi-fold jump in its consolidated profit to Rs 1,387.76 crore for the quarter ended September on one-off gains. Its net profit stood at Rs 92.47 crore in the year-ago period. Total income rose to Rs 1,483.33 crore in the second quarter of this fiscal from Rs 1,163.66 crore in the corresponding period of the previous year, according to a regulatory filing. "The company has divested its entire stake of 21.85 per cent in the associate company, Triveni Turbine Ltd, and accordingly exceptional income of Rs 1,401.20 crore has been recognized," the filing said. The company also announced a proposal to buy back up to 2,28,57,142 equity shares from shareholders at a price of Rs 350 per share for an aggregate amount not exceeding Rs 800 crore. Triveni Engineering is one of the largest integrated sugar producers in the country. It also has presence in engineered-to-order high speed gears and gearboxes, besides water ..

ICRA expects operating margins for sugar firms to remain in the range of 13.0 - 13.5 per cen in FY23 (in line with FY22 levels) supported by elevated sugar realizations as well as ethanol realizations

Shree Renuka, Dwarikesh, Triveni Engineering, Uttam Sugar, Dhampur Sugar and Dalmia Bharat Sugar are down in the range of 2 per cent to 7 per cent on the BSE.

Magadh Sugar & Energy, Rana Sugar, Uttam Sugar Mills, KM Sugar, Andhra Sugar, Mawana Sugar and Shree Renuka Sugar surged 10 per cent to 15 per cent on the BSE.

Union minister Nitin Gadkari on Saturday said top officials of automobile companies have promised him that they will start manufacturing vehicles of flex-fuel variants within six months.

Sugar stocks rallied up to 11 per cent on the BSE in Friday's intra-day trade on strong outlook and foreign institutional investors (FIIs) interest.

The company's grain-based distillery of 60 KLPD is expected to commence its operations in Q4FY22, which is likely to strengthen its operational profile and improve revenue diversification.

ICICI Securities believe domestic as well as global sugar prices would remain firm at least for next one year

Balarmpur Chini, Triveni Engineering, Shree Renuka, Dhampur Sugar, Dalmia Sugar and Avadh Sugar gained in the range of 4 per cent to 8 per cent in Tuesday's intraday trade

India's sugar export rose 20 per cent to an all-time high of 7.1 million tonne in the 2020-21 in the marketing year ended ended September 2021 on the back of better demand and financial assistance fro

Any further development regards to the increase in sugar price can push the stocks higher in a short span of time

Triveni Engineering and Industries Ltd on Saturday posted a 10.20 per cent jump in its consolidated net profit at Rs 92.30 crore in the first quarter of 2021-22. The company had posted a net profit of Rs 83.75 crore in the same quarter previous fiscal, according to a BSE filing. Net income declined to Rs 1,115.09 crore in the April-June quarter of 2021-22 from Rs 1,228.22 crore in the same quarter of the previous fiscal. Expenses remained lower at Rs 997.26 crore as against Rs 1,103.70 crore in the said period. The company said the decline in net turnover in the first quarter was mainly due to lower sugar dispatches by 26 per cent. But distillery and power transmission businesses have achieved higher turnover despite COVID-19 related challenges. Commenting on the performance, the company's Chairman and Managing Director Dhuv M Sawhney said, "The overall performance of the company during the quarter has been satisfactory, especially in view of challenges posed by the second wave of

Most brokerages have a positive stance on India's sugar industry as it appears well poised to benefit from global and domestic factors

Export subsidy announcement a positive but high valuation could restrict gains