Triveni Turbine surges 5%, hits new high on fixing record date for buyback

With strong focus in enquiry generation and aggressive coverage plans, both in domestic and international markets, the management expect to convert large opportunities in the imminent future.

Shares of Triveni Turbine hit a record high of Rs 308.45, as they rallied 5 per cent on the BSE in Wednesday’s intra-day trade after the company fixed the record date for proposed share buyback via tender offer. The stock surpassed its previous high of Rs 307.15, touched on December 9, 2022.

“The company has fixed Friday, December 23, 2022, as the record date for the purpose of determining the entitlement and the names of the holders of the equity shares who shall be eligible to participate in the buyback,” Triveni Turbine said in an exchange filing.

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