Don't invest in Triveni Engineering: Salil Sharma

Do not invest in Triveni Engineering, says Salil Sharma of Kapoor Sharma.

Sharma told CNBC-Awaaz, "Investors should not invest in Triveni Engineering. The company is focusing on sugar business but there is no any indication of rise in stock in near term."

He further added, "Investors can invest in Balrampur Chini and Shree Renuka Sugars. These two stocks can give better return than Triveni Engineering."

The company's trailing 12-month (TTM) EPS was at Rs 1.69 per share. (Jun, 2011). The stock's price-to-earnings (P/E) ratio was 13.46. The latest book value of the company is Rs 37.80 per share. At current value, the price-to-book value of the company was 0.6. The dividend yield of the company was 3.3%.