Posted on March 10, 2025, by Niftynews
Triveni Turbine share price has faced a sharp decline, falling by 5% to a price of Rs 581.9 as of the latest market update. This drop is part of a broader downturn in the BSE Capital Goods index, which is currently trading at 58,621.0, reflecting a 0.5% decrease on the day.
Despite the drop in Triveni Turbine’s share price, the stock has seen significant growth over the past year, rising from Rs 476.4 to Rs 581.9, marking a 22.2% increase. On the other hand, the BSE Capital Goods index has shown a slight decline of 0.4% during the same period, with several stocks in the index experiencing notable drops.
Performance of Triveni Turbine Share Price Over the Last Year
Over the past year, Triveni Turbine share price has consistently demonstrated strong performance, moving up from Rs 476.4 to its current price of Rs 581.9, an increase of 22.2%. However, despite the positive movement of the stock, today’s drop highlights the volatility in the broader market.
This decline comes amid a weaker performance from several stocks in the BSE Capital Goods index, with Lakshmi Machine Works and V Guard Industries both experiencing losses of 2.9% and 1.8%, respectively. Meanwhile, Adani Green Energy and Thermax are among the top gainers in today’s trading session, showing how other sectors are outperforming the Capital Goods index.
Triveni Turbine Share Price Technical Analysis
The technical outlook for Triveni Turbine share price suggests mixed signals, with the stock trading below its 50-day and 200-day moving averages. This positioning is a sign of potential weakness in the short term, though it does not necessarily signal a long-term trend reversal.
The Relative Strength Index (RSI) of Triveni Turbine is currently at 32.3, indicating that the stock is neither in the overbought nor oversold zone. An RSI below 30 is generally seen as an oversold condition, while readings above 70 are considered overbought. Therefore, Triveni Turbine shares might have room for stabilization before the next price movement occurs.
Triveni Turbine Share Price Financial Performance Update
Triveni Turbine’s financial performance for the quarter ended December 2024 has been quite strong, with the company reporting a 35% year-on-year (YoY) growth in net profit, reaching Rs 925 million compared to Rs 685 million in the same period last year. Net sales also rose by 16.6%, amounting to Rs 5,034 million, up from Rs 4,317 million in the previous year.
For the full financial year ending March 2024, the company has posted impressive numbers, with net profit growing by 39.7% to Rs 2,695 million, up from Rs 1,929 million in FY23. The company’s revenue also grew by 32.6% to Rs 16,539 million for FY24, highlighting its ability to maintain consistent growth.
Despite these positive financials, Triveni Turbine share price has not been immune to market volatility, and its high Price to Earnings (P/E) ratio of 54.5, based on rolling 12-month earnings, suggests that the stock is currently priced at a premium.
Triveni Turbine Share Price and Market Valuation
As of now, Triveni Turbine share price is trading at Rs 581.9, showing a substantial rise over the last year. However, despite the company’s solid financial performance, the stock’s current P/E ratio suggests that it may be overvalued compared to other players in the sector.
The company’s market capitalization currently stands at a significant Rs 40,222 crore, reflecting its strong presence in the capital goods sector. Nevertheless, its performance today, coupled with market-wide declines in the BSE Capital Goods index, indicates that investors are awaiting further clarity on the broader market’s performance and future projections for the company.
Market Overview and Broader Indices
Despite the decline in Triveni Turbine share price, the broader Indian stock market has seen positive movement. The BSE Sensex is currently trading at 74,666.2, up by 0.4%. Notable gainers in the Sensex today include Power Grid Corporation (up 3.3%) and Hindustan Unilever (up 2.1%).
Similarly, the NSE Nifty has also risen by 0.4%, currently standing at 22,641.9, with Power Grid Corporation and Mundra Port & SEZ showing strong performance.
Conclusion:
In summary, Triveni Turbine share price has experienced a decline in today’s session, following a strong performance over the past year. Despite the short-term drop, the company’s robust financials and long-term growth potential remain appealing. Investors will be keeping an eye on future market movements, as well as the company’s upcoming financial results, to gauge the next steps for the stock.
