Triveni Turbine climbs up to 9% on reports of block deal

New Delhi: Shares of Triveni Turbine gained up to 9 per cent to hit a 52-week high of Rs 248.8 per share on NSE following reports of multiple block deals on the counter.

On the BSE, the stock ticked its fresh 52-week high of Rs 248.2 per share. The stock witnessed a spurt in volume by over 1.94 times.

According to reports, in pre-market trade, 3.23 crore equity shares of the company changed hands. An ET NOW report earlier today said that Triveni Turbine's parent company Triveni Engineering would offload an 11.85 per cent stake via block deals.


According to the Trendlyne data, there is a consensus recommendation of Strong Buy from four analysts for Triveni Turbine.

Triveni Turbine is a smallcap company with a market capitalization of Rs 7,612 crore. The company is a leading industrial steam turbine manufacturer, with a dominant market share of over 60 per cent in India. The company’s offerings include steam turbine solutions. The company caters across industries in over 70 nations that include Europe, Africa, Central & Latin America, SE Asian and SAARC countries.

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