Hold Triveni Engineering, says Anu Jain

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Hold Triveni Engineering, says Anu Jain

Hold Triveni Engineering, says Anu Jain of IIFL Private Wealth Management.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Exit Triveni Engineering at Rs 135: Gujral Triveni Engineering a good company: PN Vijay Triveni Engineering has support at Rs 109: Gujral ALSO READ See previous views by Anu Jain See what other Experts & Brokerages are saying about Triveni Engg See messages about Triveni Engg Triveni Engg BSE | NSE 30/05/12 Are Mutual Funds betting on Triveni Engg?

Hold Triveni Engineering , says Anu Jain of IIFL Private Wealth Management.

Jain told CNBC-TV18, "I would be cautious because I have seen Triveni had some news flow because of which it fell down and all the sugar stocks kind of moving right now in process of finding a bottom. So they are moving 4-5% either side but not really going somewhere."

She further added, "It needs time more than anything else for it to consolidate at these levels. So probably I would if I am holding I would continue to hold on to it but making a fresh purchase at this time, I do not think I would be advising that at all."

At 10:34 hrs the share was quoting at Rs 132.00, down Rs 1.7, or 1.27% with volumes of 74,889 shares.  Market capitalisation stands at Rs 3,404.02 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 15.57. 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 3.76. The dividend yield of the company was 0.76%.