Triveni Engineering & Industries Q2 FY17 PAT at Rs 65 crore

India Infoline News Service | Mumbai | November 28, 2016 17:20 IST

The total income from operations of the company during the September quarter also jumped by 50% to Rs 676 crore, over Rs 451 crore in the year-ago period.

Triveni Engineering & Industries reported 120% increase in consolidated net profit at Rs 65 crore for the quarter ended September 30. The company's net profit in the corresponding quarter of the previous fiscal year was Rs 29.4 crore.

The total income from operations of the company during the September quarter also jumped by 50% to Rs 676 crore, over Rs 451 crore in the year-ago period.

Stock Commentary:

Triveni Engineering and Industries Ltd ended at Rs 58.95, up by Rs 1.7 or 2.97% from its previous closing of Rs 57.25 on the BSE.

The scrip opened at Rs 57.7 and touched a high and low of Rs 59.5 and Rs 57.55 respectively. A total of 809180 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1476.74 crore.

The BSE group 'B' stock of face value Rs 1 touched a 52 week high of Rs 68 on 04-Jul-2016 and a 52 week low of Rs 33.9 on 09-Dec-2015. Last one week high and low of the scrip stood at Rs 58.7 and Rs 52.1 respectively.

The promoters holding in the company stood at 68.22 % while Institutions and Non-Institutions held 6.68 % and 25.1 % respectively.

The stock traded above its 50 DMA.

***Note: This is a NSE Chart

 

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