India's Triveni Engineering And Industries hits over 1-wk low on block deal

Triveni Engineering and Industries

08/12/2022 04:33

** Shares of Triveni Engineering And Industries  TREI.NS 
fall as much as 5.05% to 279.1 rupees, their lowest since Nov.
30
    ** More than 7.9 mln shares changed hands in 7 blocks,
according to Refinitiv data
    ** TREI promoter Dhruv Sawhney may sell 7.03% of his stake,
which is upto 17 mln shares, via block deals- Mint reported on
Wednesday
    ** Price range is set at 280-285 rupees per share, Mint
added 
    ** Five of the analysts covering the stock recommend a "buy"
rating; median PT is 317.00 rupees - Refinitiv data
    ** Up to last close, stock up ~33% YTD, outperforming the
Nifty 500  .NIFTY500  index which rose 5.7%
 (Reporting by Akansha Victor in Bengaluru)
 ((Akansha.Victor@thomsonreuters.com; Mobile: +919654878265;))