India's Triveni Engineering and Industries set for third straight day of losses

Triveni Engineering and Industries

26/09/2022 05:27

** Shares of Triveni Engineering and Industries  TREI.NS 
fall as much as 6% to 246.20 rupees, mark sharpest intraday pct
loss since Sept. 20
    ** Co's stock touches lowest level since Sept. 19, on track
for a third consecutive session of losses
    ** TREI's businesses include sugar, alcohol and power
co-generation, along with water and wastewater treatment
solutions, and defence
    ** More than 220,000 shares change hands by 0417 GMT vs
30-day avg of 1.1 mln shares
    ** 5 analysts covering the stock have a "buy" or "strong
buy" rating; median PT is 324 rupees - Refinitiv data
    ** Stock up 18.3% YTD up to last close
 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))