Triveni Turbine Faces Continued Stock Decline Amid Sector Underperformance and Market Challenges

Feb 04 2025 09:35 AM IST
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Triveni Turbine has faced a significant decline in stock performance, marking three consecutive days of losses and a total drop of 7.3%. The company underperformed its sector and is trading below its moving averages, with a notable 22.25% decrease over the past month compared to the Sensex.
Triveni Turbine, a prominent player in the engineering sector, has experienced a notable decline in its stock performance today, with a decrease of 3.28% as of February 4, 2025. This downturn marks the third consecutive day of losses for the company, accumulating a total decline of 7.3% over this period.

In today's trading, Triveni Turbine underperformed compared to its sector, falling short by 3.03%. The stock reached an intraday low of Rs 618.6, reflecting a decrease of 2.34% at its lowest point. Additionally, the company's stock is currently trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

Over the past month, Triveni Turbine has seen a significant drop of 22.25%, contrasting sharply with the Sensex, which has only declined by 1.98% during the same timeframe. This performance highlights the challenges faced by Triveni Turbine in the current market environment.
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