Triveni Turbine rises 2% to hit new high in weak market on strong outlook

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

Shares of Triveni Turbine hit a new high of Rs 312.70, up 2 per cent on the BSE in Wednesday’s otherwise weak market on a strong business outlook. In comparison, at 09:25 am, the S&P BSE Sensex was down 0.50 per cent at 60,385.

In the past three trading days, the stock of the company engaged in heavy electrical equipment business has rallied 10 per cent after it was added in the FTSE Global Smallcap Index. 

As per the semi-annual index review announcement, global index aggregator FTSE Russell has added 15 Indian stocks to its Global Smallcap Index, FTSE