Triveni Engineering Stock Declines Despite Recent Highs and Strong Monthly Performance

Dec 30 2024 12:05 PM IST
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Triveni Engineering and Industries has seen a revision in its score following recent trading activity. Despite a decline on December 30, 2024, the stock has demonstrated resilience with a notable performance increase over the past month. It has also been added to MarketsMojo's list, reflecting its strong market position.
Triveni Engineering and Industries, a midcap player in the sugar industry, experienced a decline of 5.35% on December 30, 2024. The stock reached a new 52-week and all-time high of Rs. 536 earlier in the day, reflecting a significant intraday increase of 7.35%. However, it also faced a low of Rs. 476, marking a decrease of 4.67% during the trading session.

In terms of market performance, Triveni Engineering underperformed its sector by 3.32% on the same day. Over the past month, the company has shown a robust performance with an 18.16% increase, contrasting with the Sensex, which saw a slight decline of 0.99%.

Additionally, Triveni Engineering is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in its stock performance over various time frames. As the company navigates the competitive landscape of the sugar industry, these metrics provide a snapshot of its current market position.
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