Triveni Engineering and Industries' Stock Reaches All-Time High, Outperforms Sector by 2.66%

Sep 16 2024 09:41 AM IST
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Triveni Engineering and Industries, a midcap company in the sugar industry, has been outperforming the sector with its stock price reaching an all-time high of Rs. 494 on September 16, 2024. According to MarketsMojo, the stock call for Triveni is 'Hold' based on its strong performance in the past year and positive market indicators.


Triveni Engineering and Industries, a midcap company in the sugar industry, has been making waves in the stock market. On September 16, 2024, the company's stock price reached an all-time high of Rs. 494, outperforming the sector by 2.66%. This marks a consecutive gain for the company, with a 6.1% increase in the last 3 days.

According to MarketsMOJO, a leading stock market analysis platform, the stock call for Triveni Engineering and Industries is 'Hold'. This is based on the company's strong performance in the past year, with a 28.25% increase compared to the Sensex's 22.49% performance.

Intraday trading saw the stock reach a high of Rs. 494, a 4.32% increase from the previous day. Triveni Engineering and Industries is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

The sugar industry as a whole has also seen a gain of 2.17%, further solidifying Triveni Engineering and Industries' strong performance. With its consistent growth and positive market indicators, the company is definitely one to watch in the midcap segment.
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