Triveni Engineering and Industries' Stock Rises 5.6% in Line with Sugar Sector Performance
On June 7th, 2024, Triveni Engineering and Industries, a midcap company in the sugar industry, saw a 5.6% increase in its stock, in line with the sector's overall performance. However, according to MarketsMojo, the stock is currently rated as 'Sell' and its moving averages show a mixed trend. It has also shown volatile performance in the short term compared to the overall market.
Triveni Engineering and Industries, a midcap company in the sugar industry, saw a 5.6% increase in its stock on June 7th, 2024. This rise was in line with the overall performance of the sugar sector, which gained 3.32% on the same day.
According to MarketsMOJO, a leading stock analysis platform, the stock of Triveni Engineering and Industries is currently rated as 'Sell'. The stock's performance on June 7th was also higher than the sector average by 2.52%.
The stock touched an intraday high of Rs 337, representing a 6.59% increase from its previous closing price. However, the stock's moving averages show a mixed trend, with it being higher than the 5-day moving average but lower than the 20-day, 50-day, 100-day, and 200-day moving averages.
In comparison to the overall market performance, Triveni Engineering and Industries outperformed the Sensex by 5.91% in the past 1 day and underperformed by -3.58% in the past 1 month. This indicates that the stock's performance has been volatile in the short term.
It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative overview of Triveni Engineering and Industries' recent stock performance in the sugar industry. Investors are advised to conduct their own research and analysis before making any investment decisions.
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