Buy Triveni Turbine, target price Rs 520: Motilal Oswal

Motilal Oswal has buy call on Triveni Turbine with a target price of Rs 520. The current market price of Triveni Turbine Ltd. is Rs 430.25.

Triveni Turbine Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 13733.87 Crore) operating in Engineering sector.

Triveni Turbine Ltd. key Products/Revenue Segments include Turbines, Spares And Others, Sale of services, Export Incentives, Scrap for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 402.32 Crore, up 3.22 % from last quarter Total Income of Rs 389.77 Crore and up 32.46 % from last year same quarter Total Income of Rs 303.74 Crore. Company reported net profit after tax of Rs 64.20 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.84 per cent stake in the company as of 30-Sep-2023, while FIIs owned 27.68 per cent, DIIs 11.66 per cent.