Stock worth Rs 50 will cross Rs 550
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Multibagger Stocks: Indians even in the year 2024 Share Market The performance is going great. Meanwhile, many stocks are performing well. Triveni Turbine, a company that manufactures turbines used in power generation, has emerged as a multibagger stock. The stock price of the company has increased from Rs 50 to around Rs 497. Due to this, investors have got a return of about 860 percent. Till market close on the last trading day, the company’s shares were at Rs 496.05 with a rise of 6.43 percent i.e. Rs 29.95. In the last one year, the company’s stock has given investors a profit of 43.82 percent i.e. Rs 151.15 per share. Whereas, in the last one month, the share price of Triveni Turbine has increased by about 32.92 percent i.e. Rs 122.85.
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What is the condition of the company’s shares?
Multibagger Stocks Triveni Turbine has given a return of 7.77 percent i.e. Rs 35.77 to investors in the last five trading days. Whereas, in six months it has given a return of 27.40 percent i.e. Rs 106.70. On March 1 last year, the company’s stock price was Rs 344.90. At the beginning of Covid, the company’s stock price was Rs 50.50 on March 20, 2020. However, then the price continued to increase. In the last 52 weeks, the company’s stock has fallen to a minimum of Rs 291.35. Whereas, in the same period, all time high of Rs 503 has also been touched.
What brokerage firm’s opinion
Most of the brokerage houses have given buy tag regarding Triveni Turbine. While advising on this stock, Motilal Oswal said that this stock seems to be trading at 41X/31X FY25E/26E P/E. The company is trying to reach new markets to expand aftermarket presence. The stock will rise further till March 26, we have revised its target to Rs 550. Whereas, Sharekhan believes that the company’s stock is showing a strong ROE/ROCE ratio. Which shows that there is scope for increase. We recommend purchasing it.
,Disclaimer: Investing in stock market and IPO is subject to market risk. Before investing in any share, get complete information from a good financial advisor. We are not encouraging investment in any company.,
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