TLDR

Q1 PAT decline triggers heavy sell-off in Triveni Turbine

More Info

https://faxioms.com/stocks/triturbine

Details

• Triveni Turbine fell 6% after reporting a 21% YoY drop in Q1 net profit to Rs 51 crore, despite a 19% revenue rise.
• Margins contracted sharply to 18% from 26%, driven by an unfavorable product mix and strategic orders.
• The stock saw unusually high volume, 5x the 20-day average, and slipped below its 50-day moving average while still holding above the 200-day MA.