With 860% Growth In 4 Years, This Industrial Multibagger Stock Went From Rs 50 To Rs 480 – News18

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With 860% Growth In 4 Years, This Industrial Multibagger Stock Went From Rs 50 To Rs 480 – News18


Curated By: Business Desk

Last Updated: February 29, 2024, 16:29 IST

(*4*)This mid-cap inventory has witnessed robust investor curiosity in the course of the publish-COVID rebound interval.

Over the previous month, the share value of Triveni Turbine has skilled a notable improve of 25%.

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Triveni Turbine shares have emerged as one of many standout performers within the Indian inventory market over the previous few years, delivering vital returns to traders. During the publish-COVID rally, the share value of Triveni Turbine surged from roughly Rs 50 to Rs 480 per share on the NSE, translating to a powerful return of 860% for traders who capitalised on the chance. Despite this exceptional development, a number of brokerage companies imagine there may be nonetheless room for additional upside potential on this inventory. Motilal Oswal has really useful a ‘buy’ ranking on Triveni Turbine shares with a goal value of Rs 540 per share, whereas Sharekhan has additionally issued a ‘buy’ suggestion, setting a goal value of Rs 550 per share.

Investor Motilal Oswal supplied insights into the monetary efficiency of Triveni Turbine shares, stating, “Currently, the stock is trading at a P/E ratio of 41X/31X for FY25E/26E. We have adjusted our estimates to accommodate increased costs associated with the company’s expansion into new markets to bolster its aftermarket presence. Additionally, we have updated our valuation outlook to March 2026. Despite these adjustments, we maintain our BUY rating and have revised our target price to Rs 540. Risks to our recommendation include slower-than-expected order inflow growth, lower-than-anticipated margins and a potential slowdown in global markets.”

Highlighting the basics of Triveni Turbine shares, Sharekhan’s report states, “We have adjusted our estimates for FY2025 and FY2026 to reflect higher profitability in our valuation. The increasing momentum in aftermarket services and exports bodes well for improved profitability. Moreover, the climate change initiatives in its key export markets are expected to drive growth for its products. Currently trading at 29 times its FY2026E EPS, we believe there is potential for upside given the strong growth outlook and solid ROE/ROCE ratios. Therefore, we maintain our Buy recommendation on Triveni Turbines Ltd with a revised price target (PT) of Rs 550.”

Over the previous month, the share value of Triveni Turbine has skilled a notable improve of 25%. In the previous six months, this multi-bagger inventory has surged by barely over 20%. Looking again over one 12 months, Triveni Turbine’s share value has seen a major rise of roughly 40%. Notably, this mid-cap inventory has witnessed robust investor curiosity in the course of the publish-COVID rebound interval. Bottom fishing exercise was notably outstanding, with Triveni Turbine’s share value bottoming out at round Rs 50 per share in March 2020. Today, the share value stands at round Rs 480 per share, indicating a powerful surge of 860% over practically 4 years.



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