HDFC Securities is bullish on Triveni Turbine has recommended buy rating on the stock with a target price of Rs 148 in its research report dated February 11, 2017.
HDFC Securities' research report on Triveni Turbine
We continue to remain constructive on TRIV, given potentially large opportunities and TRIV’s competitiveness (cost efficiency and GE backing) to capture market share. Commissioning of 3 turbines in the 30 MW plus segment in international markets would improve TRIV’s references for future orders. New product offering (API 612 turbines, service income) further enhances visibility on exports. Reiterate BUY with a TP of Rs 148/sh (30x Dec-18E EPS).
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