Wed Nov 27 06:49:11 UTC 2024: **Triveni Turbine Stock Soars 7%, Capital Goods Sector Sees Moderate Gains**

**Mumbai, India** – Triveni Turbine’s share price experienced a significant surge today, climbing 7% to reach Rs 819.2. This strong performance comes amidst a generally positive day for the BSE CAPITAL GOODS index, which rose 0.2% to 69,751.9. Other notable gainers in the index included Thermax (up 2.7%) and Hindustan Aeronautics (up 2.0%). However, not all stocks performed well; Adani Green Energy (down 6.7%) and Grindwell Norton (down 1.2%) were among the top losers.

Over the past year, Triveni Turbine has seen impressive growth, with its share price increasing by 97.6% from Rs 414.6 to Rs 819.2. The BSE CAPITAL GOODS index also performed strongly over the same period, showing a 43% increase. Leading performers in this sector included Bharat Electronics (up 110.2%), Hindustan Aeronautics (up 107.1%), and Siemens (up 106.0%).

Triveni Turbine’s strong stock performance is backed by solid financial results. The company reported a 41.7% year-on-year increase in net profit for the quarter ending September 2024, reaching Rs 910 million. Net sales also saw significant growth, rising 29.2% to Rs 5,011 million. For the fiscal year ending March 2024, the company reported a 39.7% increase in net profit and a 32.6% rise in revenue. Despite this, the company’s price-to-earnings ratio currently stands at 82.5.

The broader market showed mixed results. The BSE Sensex fell 0.1% to 80,012.8, with Ultratech Cement and Mundra Port & SEZ among the top losers. The NSE Nifty also dipped 0.1% to 24,201.3. Tata Steel and Tata Motors were the most actively traded stocks on the BSE Sensex. The BSE Sensex and NSE Nifty have shown significant growth over the past 12 months, however, rising by 21.2% and a similar percentage respectively.

**Disclaimer:** *This news article is for informational purposes only and does not constitute investment advice.*

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