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Last Updated : Dec 10, 2018 05:18 PM IST | Source: Moneycontrol.com

Hold Triveni Turbine; target of Rs 125: Sharekhan

Sharekhan recommended Hold rating on Triveni Turbine with a target price of Rs 125 in its research report dated December 06, 2018.

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Sharekhan's research report on Triveni Turbine


We met the management of Triveni Turbine to understand the current business environment and future growth prospects. Management has indicated that the order book has remained healthy at Rs. 776 crore and is witnessing pick-up in demand, giving us visibility of mid-teens revenue growth for the next two years. However, change in sales mix and higher input cost would put a toll on margins in the near term.


Outlook


The stock is trading at 27.8x its FY2020E earnings, which we believe is fairly valued with limited upside potential. Hence, we maintain our Hold rating with unchanged PT of Rs. 125.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on Dec 10, 2018 05:18 pm
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