Mumbai: In a year where the Stock Market has been volatile, industrial heavyweight Triveni Turbine Ltd. has found itself in the middle of a storm. Once a darling of investors, the stock has crashed nearly 44% from its record high of ₹885, which it touched on November 26, 2024. As the shares continue to face selling pressure, everyone is asking the same question: Is it time to buy?
Technical Troubles: Trapped in a Bear Grip?
The charts for Triveni Turbine tell a story of struggle. Currently, the stock is trading below all its key Simple Moving Averages (SMAs)—from the short-term 5-day to the long-term 200-day average. This indicates a negative trend across all timeframes.
On Thursday, the stock closed at ₹497, down 2.37%. It is currently hovering near its 52-week low of ₹454.40, which it hit on January 21, 2026. However, its Relative Strength Index (RSI) stands at 50.6, suggesting it is neither oversold nor overbought.
The Long-Term "Multibagger" Charm
While the recent Stock Market performance has been shaky (falling 14% over the last year), the long-term history of the stock is nothing short of legendary. Over the last five years, Triveni Turbine has delivered a massive 446% return.
Motilal Oswal Maintains 'BUY' Rating
Despite the current bearish trend in the Stock Market, brokerage firm Motilal Oswal remains optimistic. They have maintained a BUY rating on the stock with a target price of ₹615, implying a potential upside of 24% from current levels.
The brokerage admits that export order inflows have been weak, dropping 9% in the first nine months of the current fiscal year. This could lead to revenue fluctuations in FY27. Consequently, they have trimmed their profit estimates for FY27 and FY28 by 5% and 8% respectively. However, they believe that demand will bounce back by the fourth quarter.
What Does Triveni Turbine Actually Do?
Triveni Turbine is a leader in industrial and renewable power solutions. They design, manufacture, and service steam turbines for:
- Industrial Captive Power Plants
- Biomass and Waste-to-Energy Projects
- Green Energy Initiatives
With the Union Budget 2025-26 placing a heavy emphasis on green energy and industrial self-reliance, the company's core business remains highly relevant for the future of the Indian economy.
As the Stock Market digests the post-budget reality, fundamentally strong but beaten-down stocks like Triveni Turbine are being watched closely by value investors. Whether this is the bottom or there is more room to fall remains the million-dollar question.
Disclaimer: The views expressed are by experts/brokerages and not the website. Always consult a certified advisor before making any investment in the Stock Market.