Multibagger Stock: The shares of Triveni Engineering and Industries, a giant of the sugar industry, have increased the capital of the investors in just two and a half years. According to market experts, its growth has not stopped yet. Domestic brokerage firm Edelweiss estimates that it can earn more than 13 per cent profit in just one month. Talking about today, November 22, its shares are currently trading at a price of Rs 273.75 (Triveni Engineering and Industries Share Price), down by 0.80 per cent. Its market cap is Rs 6,608.38 crore.
Follow this strategy for investment
Financial services major Edelweiss has given buy rating to Triveni Engineering. It has fixed a target price of Rs 310 for investment, which is more than 13 per cent upside from the current price (Triveni Engineering and Industries Share Price). According to Edelweiss, investors should keep a stop loss at Rs 270 level while investing in it for short term i.e. up to a month with a target price of Rs 310.
Shares are available at 27% discount
Shares of Triveni Engineering were trading at Rs 185.65 on November 22 last year, which is a one-year record low. After this, buying increased in the company's shares and will become 101 percent stronger and reach the price of Rs.374 on April 19, 2022. However, then its shares showed pressure and till now it has lost about 27 per cent. However, now market experts are seeing a bullish trend in it.
Details about Triveni Engineering
Triveni Engineering is one of the largest companies in the country in terms of sugar making. Apart from this, it is also a market leader in engineering business, power transmission, water and wastewater treatment solutions and defence. This company was opened in 1932 and according to the details available on the website of the company, more than 6500 employees work in it.
Disclosure: The opinions and advice expressed here are those of the expert/brokerage firm. StockPro assumes no responsibility in this regard. Before making any investment decision, StockPro advises users to seek the advice of certified experts.
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