Triveni Turbine Shares Rally 27% In 1-Week Post Q1 Results, Hits 52-Week High; Buy/Sell?

Shares of Triveni Turbine Ltd zoomed nearly 27% in last 1-week only after the company declared healthy quarterly earnings on August 5, 2024. Current market price of Triveni Turbine shares on BSE is Rs 787.35 per share with attractive gain of over 12% in today's trade. Triveni Turbine shares also hit fresh 52-week high today. Its market capitalisation stood at Rs 25,028.04 crore. Meanwhile, brokerage firm Anand Rathi said that Triveni Turbine shares may continue to surge and likely to reach Rs 810-820 range in the coming session.

The analyst has suggested investors to book profit if Triveni Turbine shares enter this price range instead of taking aggressive long positions. Triveni Turbine also declared September 6, 2024 as the record date for Check details below:

Triveni Turbine Sets Record Date For Dividend: According to the BSE filing of Triveni issued as on August 5, 2024, "Pursuant to Regulation 42 of the SEBI Listing Regulations, the Board has fixed Friday, September 6, 2024, as the Record Date for determining the Members entitled to receive the final dividend for the financial year ended March 31, 2024. The payment of such dividend, subject to deduction of tax at source, will be made on or before Saturday, October 11, 2024."

Triveni Turbine Dividend: Earlier this year on May 16, 2024, the company recommended a final dividend@ 130 % i.e. Rs.1.30 per fully paid-up equity share of the face value of Re. I/- each for the financial year 2023-24, subject to approval of the shareholders at the ensuing Annual General Meeting ('AGM'). The dividend, if declared, shall be paid to the shareholders, subject to deduction of tax at source, within thirty days from the date of declaration."

Triveni Turbine Share Performance: The 52-week high price of Triveni Turbine shares on BSE is Rs 838.00 per share (as on 13/08/2024) and 52-week low price is Rs 311.85 per share (as on 26/10/2023), respectively. Triveni Turbine shares zoomed 31% in last 2-weeks, gained 96% in last 1-year, and offered return of 314% in last 2-years.

Triveni Turbine Q1 Results: Triveni Turbine declared 31.9 % surge in its consolidated PAT for Q1FY25 as against Rs 60.96 crore declared in the corresponding quarter of last year. Its revenue from operations soared 23% YoY for the June 2024 quarter to Rs 463.3 crore as compared to Rs 376.42 crore announced similar quarter of last year. Triveni's total expenses for the June 2024 quarter announced at Rs 374.85 crore compared to Rs 311.13 crore declared in the same quarter of last year.

Disclaimer: The stock highlights the Q1 results, dividend, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.