Triveni jumps over 11% as Anil Kumar Goel buys shares

The stock of the Triveni Engineering and Industries Limited on Thursday jumped by over 11% after Anil Kumar Goel bought 14.15 lakh shares or 0.5% stake at Rs 71.13 each.

Jul 20, 2017 05:07 IST India Infoline News Service

The stock of the Triveni Engineering and Industries Limited on Thursday jumped by over 11% after Anil Kumar Goel bought 14.15 lakh shares or 0.5% stake at Rs 71.13 each.
 
The stock was trading at Rs 78.85, up by 11.29% on BSE at 1028 hours. It opened at Rs 74.50, while on Wednesday it closed at Rs 70.85. It touched its intraday high and low at Rs 81 and 74.50, respectively. Its 52-week high stood at Rs 100 and low at Rs 47.20, respectively.
 
The stock attracted a traded volume of 27,52,110 shares and traded value Rs 2,149.40 lakh.
 
The company is engaged in the manufacturing of sugar. It is one of the largest sugar manufacturers in India and the market leader in its engineering businesses comprising high-speed gears, gearboxes and water treatment solutions.
 
Stock View:

Triveni Engineering and Industries Ltd is currently trading at Rs 77.4, up by Rs 6.55 or 9.24% from its previous closing of Rs 70.85 on the BSE.
 
The scrip opened at Rs 74.5 and has touched a high and low of Rs 81 and Rs 74.5 respectively. So far 3923363(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1827.54 crore.
 
The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 100 on 25-Apr-2017 and a 52 week low of Rs 47.2 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 79 and Rs 69.5 respectively.
 
The promoters holding in the company stood at 68.22 % while Institutions and Non-Institutions held 7.6 % and 24.19 % respectively.
 
The stock is currently trading below its 100 DMA.

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