Along with the Q4 results, Hindustan Copper announced a dividend of Rs 1.46 per equity share for the financial year 2025.
Triveni Engg's net loss for the quarter was triggered by a weak operational performance as EBITDA margin took a sharp hit in Q2.
The government's recent decision to lift restrictions on ethanol production from sugarcane juice and B-heavy molasses routes is likely to drive up ethanol prices before the new season begins, DAM Capital said.
The company attributed the lower profitability to decreased segment performance across most of its businesses
Revenue for the company increased 5 percent to Rs 1439 crore in the April-to-June quarter.
The positive recommendation comes on the back of Triveni Engineering's strong financial performance in the fourth quarter of FY23. The company reported robust results, primarily driven by higher sugarcane crushing, an increase in ethanol production capacity, and a greater focus on producing B-heavy ethanol. These factors have contributed to Triveni's improved profitability and growth prospects.
The company posted a 74 percent year-on-year jump in consolidated net profit at Rs 190.31 crore for the quarter ended March
Triveni Engineering and Industries is one of the largest sugar producers in North India, and runs an engineering businesses. The company is a leading player in the niche high-speed gears segment. Triveni could be a key beneficiary of the improving sugar industry fundamentals and growing industrial activity.
ICICI Direct is bullish on Triveni Engineering recommended buy rating on the stock with a target price of Rs 360 in its research report dated January 27, 2023.
This will boost stock holding limits for sugar mills and monthly allocation for sales will increase, said industry experts.
According to bulk deal data available with the BSE, Dhruv Manmohan Sawhney offloaded 1,70,00,000 shares, amounting to 7 per cent stake in the company.
While the buyers and sellers were not known immediately, it was reported that promoter Dhruv Sawhney was likely to sell a 7.03 percent stake
Triveni Engineering promoter is likely to sell shares worth Rs 500 crore at Rs 280-285 per share, a slight discount to Wednesday's closing price
ICICI Direct is bullish on Triveni Engineering recommended buy rating on the stock with a target price of Rs 380 in its research report dated November 07, 2022.
ICICI Direct is bullish on Triveni Engineering recommended buy rating on the stock with a target price of Rs 380 in its research report dated November 07, 2022.
Its net profit stood at Rs 92.47 crore in the year-ago period.
Triveni Engineering was also in action, rising nearly 4 percent to Rs 286.35 and moved closer to the high of September month, forming strong bullish candle on the daily charts with above average volumes.
ICICI Direct is bullish on Triveni Engineering has recommended buy rating on the stock with a target price of Rs 350 in its research report dated May 17, 2022.
Momentum indicator RSI has moved above the 60 mark that may generate thrust for further upside. Nifty is giving proper follow-up of bullish reversal morning star candlestick formation on the weekly chart
ICICI Direct is bullish on Triveni Engineering has recommended buy rating on the stock with a target price of Rs 270 in its research report dated August 17, 2021.
ICICI Direct is bullish on Triveni Engineering recommended buy rating on the stock with a target price of Rs 270 in its research report dated June 30, 2021.
ICICI Direct is bullish on Triveni Engineering has recommended buy rating on the stock with a target price of Rs 100 in its research report dated February 05, 2021.
ICICI Direct is bullish on Triveni Engineering recommended buy rating on the stock with a target price of Rs 90 in its research report dated November 20, 2020.
ICICI Direct is bullish on Triveni Engineering has recommended buy rating on the stock with a target price of Rs 95 in its research report dated August 11, 2020.
ICICI Direct is bullish on Triveni Engineering has recommended buy rating on the stock with a target price of Rs 82 in its research report dated June 18, 2020.