Triveni Engineering cracks 4%; Q3 net profit at Rs.14.1 crore

The company reported total income in third quarter stood at Rs.511.6 crore, down 12% from Rs.581.7 crore in the year-ago period.

Jan 21, 2016 10:01 IST India Infoline News Service

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Triveni Engineering ended lower 4% at Rs. 46.30. The company reported total income in third quarter stood at Rs.511.6 crore, down 12% from Rs.581.7 crore in the year-ago period.

During the quarter under review, sales were at Rs.510 crore compared with Rs.580 crore.

The scrip opened at Rs. 48.8 and has touched a high and low of Rs. 50 and Rs. 45.6 respectively. So far 2057378(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1238.14 crore.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 55.7 on 11-Jan-2016 and a 52 week low of Rs. 14.4 on 03-Jun-2015. Last one week high and low of the scrip stood at Rs. 53.9 and Rs. 43.65 respectively.

The promoters holding in the company stood at 68.22 % while Institutions and Non-Institutions held 15.15 % and 16.63 % respectively.

The stock is currently trading below its 50 DMA.

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