Triveni Engineering gains 14% after Anil Kumar Goel buys 14.15 lakh shares

Snapping a 3-day fall, Triveni Engineering and Industries Limited jumped as much as 14.3% after ace investor Anil Kumar Goel bought 14.15 lakh shares or 0.5% stake in the company at Rs 71.13 each.
 
So far in July, the stock has outperformed the benchmark indices, up 5.4% as compared to 3% rise in BSE Sensex.
 
The scrip opened at Rs 74.5 and has touched a high and low of Rs 81 and Rs 74.5 respectively. So far 3923363(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs RS 1,987.47 crore.
 

The promoters holding in the company stood at 68.22 % while Institutions and Non-Institutions held 7.6% and 24.19 % respectively.

 
The company is engaged in the manufacturing of sugar. It is one of the largest sugar manufacturers in India and the market leader in its engineering businesses comprising high-speed gears, gearboxes and water treatment solutions.
 
At 12:35 pm, the stock was trading 8.5% higher as against 0.2% fall in S&P BSE Sensex.