Buy Triveni Turbine, target price Rs 720: Motilal Oswal

Motilal Oswal has buy call on Triveni Turbine Ltd. with a target price of Rs 720. The current market price of Triveni Turbine Ltd. is Rs 640.8.

Triveni Turbine Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 19690.89 Crore) operating in Engineering sector.

Triveni Turbine Ltd. key Products/Revenue Segments include Turbines, Spares And Others, Sale of services, Erection & Other Services, Export Incentives, Scrap for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 482.67 Crore, up 1.58 % from last quarter Total Income of Rs 475.16 Crore and up 23.83 % from last year same quarter Total Income of Rs 389.77 Crore. Company reported net profit after tax of Rs 80.40 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.84 per cent stake in the company as of 30-Jun-2024, while FIIs owned 27.5 per cent, DIIs 12.33 per cent.