If I had invested Rs 5 lakh in this stock a year ago, I would have got Rs 14 lakh today.

Multibagger Stock: The shares of Triveni Engineering & Industries Limited have given more than 190 per cent return to its shareholders in the last one year. On Tuesday, the stock rose 8 per cent to a high of Rs 203.80 on the Bombay Stock Exchange (BSE).

The small-cap stock rose after the company announced the signing of a 10-year business agreement with GEAE Technology USA for the local manufacturing of LM2500 gas turbine bases and enclosures.

The LM2500 is the propulsion gas turbine selected by the Indian Navy for several of its surface combat ships. The LM 2500 gas turbines, with power ranging from 25 MW to 35 MW, are the best of naval propulsion gas turbines and are in service with over 40 navies globally.”

In the last one year, the share price has risen from Rs 69 to Rs 203.8 – giving a return of around 195 per cent during this period. Its stock has jumped about 183 percent since the beginning of this year.

An amount of Rs 5 lakh invested in this multibagger stock a year ago would have become Rs 14.76 lakh today. With a market capitalization of more than Rs 4,800 crore, the shares are higher than the 20 day, 50 day, 100 day and 200 day moving averages but lower than the 5 day moving averages.

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