India's Triveni Engineering And Industries jumps most in four months

Triveni Engineering and Industries

19/09/2022 08:54

** Shares of Triveni Engineering And Industries  TREI.NS 
jump as much as 13.7% to 279 rupees, mark sharpest intraday pct
gain since May 18
    ** Stock touches highest level since June 8
    ** TREI's businesses include sugar, alcohol and power
co-generation along with water and wastewater treatment
solutions, and defence
    ** Last Friday, Reuters reported India was set to allow 5
mln tonnes of sugar exports in the first tranche for the new
marketing year beginning October  urn:newsml:reuters.com:*:nL4N30L0RX 
    ** More than 4 mln shares change hands as of 0736 GMT, 5.9x
30-day avg of 711,036 shares
    ** Five analysts rate the stock "buy" or "strong buy";
median PT is 324 rupees - Refinitiv data
    ** Stock up 10.8% YTD up to last close

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))