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Sunday, July 21, 2024

This industrial multibagger stock increased by 860% in only four years, from Rs 50 to Rs 480


<p>Over the last several years, Triveni Turbine shares have shown themselves to be one of the best performers on the Indian stock market, giving investors substantial gains. Triveni Turbine’s share price soared from around Rs 50 to Rs 480 per share on the NSE during the post-COVID boom, offering investors who took advantage of the chance an amazing return of 860%. Several brokerage companies think this stock still has space for greater upside potential despite its impressive performance. In relation to Triveni Turbine shares, Motilal Oswal has recommended a “buy” rating with a target price of Rs 540 per share. Sharekhan has also given a “buy” recommendation with a target price of Rs 550 per share.</p>
<p><img decoding=”async” class=”alignnone wp-image-461776″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-this-industrial-multibagger-stock-increased-by-860-in-only-four-years-from-rs-50-t.jpg” alt=”theindiaprint.com this industrial multibagger stock increased by 860 in only four years from rs 50 t” width=”1007″ height=”671″ title=”This industrial multibagger stock increased by 860% in only four years, from Rs 50 to Rs 480 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-this-industrial-multibagger-stock-increased-by-860-in-only-four-years-from-rs-50-t.jpg 510w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-this-industrial-multibagger-stock-increased-by-860-in-only-four-years-from-rs-50-t-150×100.jpg 150w” sizes=”(max-width: 1007px) 100vw, 1007px” /></p>
<p>Investor Motilal Oswal offered information on the Triveni Turbine shares’ financial performance, saying, “At this time, the stock is trading at a P/E ratio of 41X/31X for FY25E/26E.” In order to strengthen the company’s aftermarket presence, it has expanded into new areas, and as a result, our estimations have been updated to account for increasing expenditures. We have also revised our value projection through March 2026. We have updated our target price to Rs 540 and maintained our BUY rating in spite of these changes. Our advice might be jeopardized by slower-than-expected order inflow growth, lower-than-expected profits, or even a possible worldwide market slump.</p>
<p>According to Sharekhan’s research, which emphasizes the fundamentals of Triveni Turbine shares, “We have adjusted our estimates for FY2025 and FY2026 to reflect higher profitability in our valuation.” Exports and aftermarket services are growing, which is encouraging for more profitability. Furthermore, it is anticipated that the climate change measures in its major export markets would propel product growth. With a robust growth forecast and good ROE/ROCE ratios, we think there is room for improvement even though the stock is now selling at 29 times projected FY2026E EPS. Therefore, with a revised price target (PT) of Rs 550, we continue to suggest buying Triveni Turbines Ltd.</p>
<p>Triveni Turbine’s share price has risen by a significant 25% in the last month. This multi-bagger stock has increased by slightly more than 20% in the last half-year. In the last year, there has been a notable 40% increase in Triveni Turbine’s share price. Notably, throughout the post-COVID recovery phase, there has been a significant amount of investor interest in this mid-cap company. With Triveni Turbine’s share price bottoming out at around Rs 50 per share in March 2020, bottom fishing activity was very common. As of this now, the share price is about Rs 480, signifying a remarkable increase of 860% in over four years.</p>


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