Shares of Triveni Engineering hit a new high of Rs 285.30, on rallying 9 per cent in intra-day trade. The stock zoomed 313 per cent from its 52-week low of Rs 69 touched on February 16, 2021.
According to CRISIL, sugar mills are expected to see both revenue and profitability improve in the 2022 season (SS 2022; October 2021 to September 2022).
Tight global demand-supply situation, favourable government policies and continuous push for higher blending will keep the inventory levels under control and sugar prices firm
According to ICRA, sugar companies are expected to strengthen in FY2022 with expansion in operating profits in addition to sugar inventory reduction and hence curtailment of working capital debt.
EID Parry's stock has zoomed 63 per cent in the past month
GE is in JV with Triveni Turbines, arm of Triveni Engineering for making steam turbines in 30-100 MW range
The scrip opened at Rs 74.5 and has touched a high and low of Rs 81 and Rs 74.5 respectively