Stock market analyst Salil Sharma is of the view that investors can buy Triveni Engineering & Industries Ltd stock with an intraday target of Rs 104-107.

According to analyst, the investors can buy the stock with stop loss of Rs 97.

The shares of the company, on June 29, closed at Rs 101.05 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 143.50 and a low of Rs 86 on BSE.

Current EPS & P/E ratio stood at 7.39 and 13.79 respectively.

Triveni Engineering & Industries Ltd involves in the maker and seller of sugar and sugar by-products mainly in the country.

It provides sugar and grocery items, like atta, maida, sooji, besan, poha, and dalia under the trade name Shagun.

Triveni Engg, using bagasse, a sugar by-product, also makes and supplies electricity and steam to power distribution firms; and makes editions of alcohol utilizing molasses, an another by-product of sugar. Its alcohol is used in industrial applications, potable liquor manufacturing, and as a fuel.

Besides, the company makes engineered mechanical equipment, like gas turbines, steam turbines, and gas engines; and gears and gearboxes for different applications in power, sugar, oil, gas, petrochemical, steel, testrigs, cement, plastics, rubber, and marine industries.

Further, it fabricates, makes, and sells a variety of water and wastewater treatment equipment.

The company is headquartered in Noida, India.