Triveni Engineering & Industries soars after robust Q2 FY17 results

India Infoline News Service | Mumbai | November 29, 2016 18:01 IST

Triveni Engineering & Industries reported a 120% increase in consolidated net profit at Rs 65 crore for the quarter ended September 30.

Triveni Engineering and Industries Ltd ended at Rs 60.25, up by Rs 1.3 or 2.21% from its previous closing of Rs 58.95 on the BSE. Triveni Engineering & Industries reported 120% increase in consolidated net profit at Rs 65 crore for the quarter ended September 30.

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.

The scrip opened at Rs 64.2 and touched a high and low of Rs 64.7 and Rs 60 respectively. A total of 4197897(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1520.59 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 59.5 and Rs 52.2 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.
 

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