iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

 Stocks of Triveni Engineering, Hercules Hoists rise sharply on Monday

19 Sept 2022 , 03:25 PM

In intraday trading on Monday, shares of Triveni Engineering and Hercules Hoists soared up to 20% on the BSE, propelled by high volumes.
Hercules Hoists was restricted to the 20% upper circuit band at Rs217.05 on the BSE. This was also a new 52-week high for the stock. Approximately 1.36 million equity shares had traded hands on the NSE and BSE, more than double the counter's daily average trading volume. According to exchange statistics, there are combined pending purchase orders for 112,479 shares.

Material handling equipment and wind turbine power are Hercules Hoists' two primary business sectors. On Friday, September 23, 2022, the board of directors of Hercules Hoists will convene, among other things, to review and adopt a demerger plan and all matters ancillary thereto. The board of the firm had already authorized, on May 26, 2022, an evaluation of the viability of demerging the manufacturing and investment activities.

On the other side, Triveni Engineering shares increased 14% to Rs 279 thanks to a more than five-fold increase in trading volume. The total number of equity shares that have been traded on the NSE and BSE today equals 5.35 million, or 2.2% of the company's total equity.
Triveni Engineering is involved in a variety of ventures, mostly divided into the engineering and sugar & related industries. Manufacturing of sugar and alcohol distillation makes up the majority of the sugar and related enterprises. Manufacturing high-speed gears, and gearboxes, and offering water/waste-water treatment systems are the main engineering company activities.

In order to meet the needs of the power sector, defense, and other industrial segments, the power segment focuses on all high-speed and specialized low-speed items. It also provides new equipment, after-market services, and gearbox retrofits.
With its extensive expertise in systems engineering and critical rotary machinery technology, as well as its prior experience supplying to defense and defense support organizations, Triveni is well-positioned to take advantage of the new opportunities and avenues that the Make in India policy of the Government of India has opened for the industry.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • business
  • Companies
  • Hercules Hoists
  • Price
  • shares
  • stock market
  • stocks
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.


Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp