Triveni Engineering And Industries

The uptick in the stock price follows the news that the company has launched premium and super premium whisky brands in Uttar Pradesh, to enter the Indian-made foreign liquor (IMFL) market

Key players in the sector, including Shree Renuka Sugars, Dhampur Sugars, and Balrampur Chini Mills, were among the top gainers.

sugar mills and distilleries can produce ethanol from sugarcane juice/sugar syrup, B-Heavy molasses, as well as C-Heavy molasses, during ESY2024-25 as per their agreements with oil marketing companies

During early June, the Triveni Engineering stock prices surged notably from Rs 300 to Rs 400. However, following this spike, prices entered a consolidation phase attributed to overbought conditions

On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty needs to break from the 22,204-22,529 range for fresh direction.

India is registering growth amid a decelerating global economy, and the country is on the cusp of achieving a "psychologically important" USD 5 trillion mark, industrialist Nikhil Sawhney said on Tuesday. The government has set an ambitious target to make India a USD 5 trillion economy in the coming years. Addressing business leaders here at a session of All India Management Association (AIMA), Triveni Turbine's Vice Chairman and Managing Director Sawhney said, this is India's century and the numbers point towards a great future for India. The country has over a billion consumer base and a strong workforce. India is already the fifth-largest economy in the world and it is set to become the third-largest soon. "India's GDP is nearing USD 4 trillion and it is on the cusp of achieving a psychologically important USD 5 trillion mark. India's digital economy is on the steroids and is set to grow to USD 1 trillion by 2026," he said. At a time when the global economic growth is decelerat

The board of directors approved the re-appointment of Tarun Sawhney as managing director of the company for a further period of five years

On the broader market outlook, Vinay Rajani the technical & derivative analyst expects the Nifty to move in the 17,842-176,84 range in the near term.

India has a cushion to export an additional 1 million tonnes of the sweetener if the domestic output reaches an estimated 33.6 million tonnes this year

CLOSING BELL: The losses, meanwhile, were led by the Nifty Metal index (down 2 per cent), and the Nifty Pharma index (1.4 per cent)

Triveni Engineering surged 14 per cent to Rs 279 on the back of over five-fold jump in trading volumes

Tarun Sawhney, MD & vice-chairman of Triveni Engineering, a leading sugar producer with growing emphasis on biofuels, tells S Dinakar sugar prices will be stable and on a slightly upward trajectory

After the massive slaughtering post April 2022, sugar stocks consolidated in June and are now witnessing a pullback rally.

Rallying energy markets, tight sugar availability, COVID lockdowns in China and logistical issues from the fallout of Russia's military invasion of Ukraine have led to uptick in spot sugar prices.

Triveni Engineering and Industries Ltd has reported a 37% rise in its consolidated net profit to Rs 130.12 crore for the December 2021 quarter on higher revenue

Shares of Triveni Engineering hit a new high of Rs 285.30, on rallying 9 per cent in intra-day trade. The stock zoomed 313 per cent from its 52-week low of Rs 69 touched on February 16, 2021.

According to CRISIL, sugar mills are expected to see both revenue and profitability improve in the 2022 season (SS 2022; October 2021 to September 2022).

Tight global demand-supply situation, favourable government policies and continuous push for higher blending will keep the inventory levels under control and sugar prices firm

According to ICRA, sugar companies are expected to strengthen in FY2022 with expansion in operating profits in addition to sugar inventory reduction and hence curtailment of working capital debt.

EID Parry's stock has zoomed 63 per cent in the past month