Triveni Turbine Ltd, a leading manufacturer of industrial steam turbines, saw a significant surge in its share price in today’s trading session. The company, known for its popular brands such as Triveni Turbo, Triveni Generator, and Triveni Auxiliaries, has demonstrated robust financial performance.
As of January 15, 2024, Triveni Turbine Ltd.’s share price stood at ₹418.40, with a market capitalization of ₹12,823.15Cr. The company reported a net profit of ₹64.23Cr for Q3 2023, indicating a consistent upward trend in profitability over the last seven quarters. Additionally, revenue has been increasing for the last eight quarters, with a reported revenue of ₹402.32Cr for Q3 2023. Mutual Funds have also increased their holdings in the company, suggesting growing investor confidence.
Triveni Turbine Ltd.’s upward trajectory in today’s trading reflects its strong market presence and consistent financial growth. The company’s continued performance improvements and increased investor interest bode well for its future prospects in the capital goods and electrical equipment industry.