Stock analysts have recommended Triveni Engineering stock for intraday trading on Monday. The earlier trading sessions has already shown the intensity of this stock in intraday dealings.

Investors can purchase Triveni Eng stock at around Rs 135 to achieve an intraday target of Rs 140. The maximum target for the day lies between is above Rs 143. The stock has performed well on Friday, and closed the week on a positive note. The stock ended the week at Rs 137.30, up 7.7%. For intraday dealing the stop loss should be Rs 133.

The analysts still have great expectation from this stock. So buy and see the difference.

Triveni Engineering & Industries declared (on 14 Nov) that the board has decided to issue securities upto an additional amount not exceeding Rs 2.50 billion including premium, by way of equity or equity linked instruments, which may be in the form of global depository receipt (GDR), foreign currency convertible bonds (FCCBs), debentures/ bonds or any other instrument convertible into equity shares through public issue or private placement (including placement with QIBs) in accordance with SEBI guidelines and other applicable laws. In this regard board decided to seek approval of the shareholders by means of postal ballot.