Triveni Engineering Q3 net profit at Rs.14.1 crore; sales down 12%

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 20, 2016 04:01 IST India Infoline News Service

Falling down business
Triveni Engineering & Industries reported net profit at Rs.14.1 crore for the third quarter that ended on December 31, 2015.

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.

Stock Commentary:

Triveni Engineering and Industries Ltd ended at Rs. 48, down by Rs. 1.05 or 2.14% from its previous closing of Rs. 49.05 on the BSE.

The scrip opened at Rs. 48 and touched a high and low of Rs. 49.9 and Rs. 46.05 respectively. A total of 2516072(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1265.22 crore.

The BSE group 'B' stock of face value Rs. 1 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. 54.8 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 traded below its 50 DMA.

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