Triveni Engineering Delivery Call

Triveni Engineering (TEIL) can be bought at current level of Rs 157. The stock has moved up quite nicely in today’s trading session. The counter has gained based on positive news about the stake sale from the promoters.

Indiabulls has recommended the stock for delivery to be sold on next trading session. The stock can see level of Rs 165 – 175 very soon.

The stock has touched a 52-week high of Rs 164.90 and is currently trading at a P/E of 52.