The ₹ 50 share crossed 500, reached a record high today, brokerage said - there is still a lot of life left - multibagger triveni turbine share gave 1000 percent in 4 years, may go up to 550, says Motilal Oswal

Highlights

Triveni Turbine share price has jumped 40 per cent in the last one month.This multibagger stock has given 32 percent return to investors in six months. The share of Triveni Turbine has jumped by 60 percent in the last one year.

New Delhi. Those who invested in Triveni Turbine shares have made a great profit. The strong boom in this stock after the Corona period is still intact. In four years, this stock has increased the investors’ money tenfold. Strong bottom fishing was seen in mid-cap stocks in the post-Covid rebound. At the end of March 2020, the price of Triveni Turbine shares came down to the level of ₹ 50 per share. Now its price has crossed Rs 500. This means that the Multibagger Stock has increased more than ten times in about four years.

Today, on March 2, the stock of Triveni Turbine rose 3.39 percent on NSE to reach the level of Rs 516 (Triveni Turbine Share Price). This is its record high. Despite such a spectacular rise, many brokerage firms believe that this stock still has a lot of life left in it. In the last one year, the stock of Triveni Turbine has climbed 60 percent. Similarly, in the last six months, this stock has given 32 percent return to investors. At the same time, in the last one month, the price of this multibagger stock has jumped by 40 percent.

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Brokerage advised to invest money
Brokerage firm Motilal Oswal has recommended ‘buy’ on this stock with a target price of Rs 540. Motilal Oswal says that currently this stock is trading at a P/E of 41X/31X of FY25/26 estimated earnings. The company’s expansion in new markets has necessarily increased costs, but despite this it looks strong.

Brokerage firm Sharekhan has also advised investors to buy this stock. The brokerage has set the target price of Triveni Turbine shares at Rs 555. The brokerage says that increased activities in after-market services and increase in exports have had a positive impact on the company’s profits. Currently, it is trading at 29 times its FY26 estimated EPS. In such a situation, there is still scope for further growth.

(Disclaimer: The stocks mentioned here are based on the advice of brokerage houses. If you want to invest money in any of these, then first consult a certified investment advisor. News18 will not be responsible for any kind of profit or loss of yours.)

Tags: Money Making Tips, Multibagger stock, Stock market, Stock tips

FIRST PUBLISHED : March 2, 2024, 13:16 IST