Hold Triveni Engineering: Baliga

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Hold Triveni Engineering, says Anu Jain Exit Triveni Engineering at Rs 135: Gujral ALSO READ See previous views by Ambareesh Baliga See what other Experts & Brokerages are saying about Triveni Engg See messages about Triveni Engg Triveni Engg BSE | NSE 10/02/12 Are Mutual Funds betting on Triveni Engg?

Hold Triveni Engineering , says Ambareesh Baliga of Karvy Stock Broking.

Baliga told CNBC-TV18, "Triveni Engineering is one stock in the so called sugar space to hold on basically because of the demerger. So I think shareholders will get some value inspite of the fact that we are negative on sugar but this is one stock where possibly people could get some value from the current levels."

Triveni Engg has touched a 52 week high of Rs 137.50. At 09:54 hrs the share was quoting at Rs 136.80, up Rs 0.50, or 0.37%. Market capitalisation stands at Rs 3,527.80 crore.

The company's trailing 12-month (TTM) EPS was at Rs 8.48 per share. The stock's price-to-earnings (P/E) ratio was 16.11. The latest book value of the company is Rs 35.15 per share. At current value, the price-to-book value of the company was 3.89. The dividend yield of the company was 0.73%.