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highlights
In the last one month, the share price of Triveni Turbine has increased by 40 percent.
This multibagger stock has given 32 percent returns to investors in six months.
Triveni Turbine shares have jumped 60 percent in the last one year.
New Delhi. There has been a lot of panic among those who invested money in Triveni Turbine Share. The strong rise in this stock after the Corona period still continues. This stock has increased investors’ money tenfold in four years. Strong bottom fishing seen in mid-cap stocks in the post-Covid rebound. At the end of March 2020, Triveni Turbine share price fell to ₹50 per share. Now its price has crossed Rs 500. This means that Multibagger Stock has increased more than ten times in almost four years.
Today i.e. on March 2 also, the share of Triveni Turbine reached the level of Rs 516 (Triveni Turbine Share Price) on NSE with a rise of 3.39 percent. This is its record high. Despite such a spectacular rise, many brokerage firms believe that the stock still has a lot of life left in it. Triveni Turbine shares have risen 60 percent in the last one year. Similarly, in the last six months this stock has given 32 percent return to investors. At the same time, in the last one month, the price of this multibagger share has increased by 40 percent.
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Brokerage advised to invest money
Brokerage firm Motilal Oswal has advised to ‘buy’ this share with a target price of Rs 540. Motilal Oswal says that currently the stock is trading at a P/E of 41X/31X of the estimated earnings of FY25/26. The company’s expansion into new markets has necessarily increased costs, but despite this it looks strong.
Brokerage firm Sharekhan has also advised investors to buy this share. The brokerage has fixed the target price of Triveni Turbine share at Rs 555. The brokerage says that increased activities in after market service and increase in exports have had a positive impact on the company’s profits. Currently it is trading at 29 times its estimated EPS for FY 2026. In such a situation, there is still scope for further growth.
(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 is not responsible for any profit or loss of yours. will be.)
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Tag: tips to earn money, multibagger stock, Share Market, stock tips
first published : March 2, 2024, 1:16 pm IST
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