Triveni Glass Ltd. (TRIVENIGQ) Share Price Surges 9.95% Today

Triveni Glass Ltd. Share Price surged 9.95% today, reaching Rs 10.5 with a market cap of Rs 12.05 Cr.

Triveni Glass Ltd. Share Price experienced a notable surge today, climbing 9.95% to reach Rs 10.5. This significant price rise positions the company as a top gainer in the market. With a market capitalization of Rs 12.05 crore, Triveni Glass Ltd. has cleared the Micro Cap threshold of 8.1%, highlighting its strong performance in today's trading session. The company's share price movement has garnered attention from investors and analysts alike, as it stands out in the Construction Materials sector, particularly within the Glass industry.

The stock opened at Rs 9.38 and reached a high of Rs 10.5, with a low of Rs 8.7 during the day. The total volume traded on the BSE was 75,427 shares, indicating active participation in the market. This price action reflects investor interest and potential momentum in the stock, making it a focal point for market observers.

Triveni Glass Ltd. Share Price Today: Price Action Analysis

Metric	Value
Current Price	Rs 10.5
Previous Close	Rs 9.55
Today's Change	+Rs 0.95 (+9.95%)
Day Open	Rs 9.38
Day High	Rs 10.5
Day Low	Rs 8.7
Current Volume (BSE)	75,427
BSE Traded Volume	75,427
Combined NSE + BSE Volume	75,427
Turnover	Rs 0.08 crore
Market Capitalisation	Rs 12.05 crore
Market Cap Category	Micro Cap
Qualifying Threshold Cleared	8.1%

Today's trading session saw Triveni Glass Ltd. Share Price rise by 9.95%, closing at Rs 10.5. The previous close was Rs 9.55, and the stock opened at Rs 9.38. Throughout the day, the share price fluctuated between a low of Rs 8.7 and a high of Rs 10.5. The turnover for the day was Rs 0.08 crore, with a total volume of 75,427 shares traded on the BSE.

Triveni Glass Ltd. falls under the Micro Cap category, and today's price rise surpassed the qualifying threshold of 8.1% for this category. This substantial increase in share price highlights the stock's strong performance and positions it as a top gainer in the market. The active trading volume further underscores the interest and engagement of investors in the stock.

The share price movement today reflects a positive sentiment among investors, as the stock managed to clear the Micro Cap threshold, indicating potential momentum. This development has drawn attention to Triveni Glass Ltd., making it a subject of interest for market participants seeking opportunities in the Construction Materials sector.

Triveni Glass Ltd. Fundamental Analysis

Metric	Value
Market Capitalisation	Rs 12.05 crore
P/E Ratio	42.71x
P/B Ratio	0.21x
ROE	0.33%
ROCE	0.23%
EPS	Rs -0.59
Book Value Per Share	Rs 44.94
Dividend Yield	0%

Triveni Glass Ltd. was valued at a P/E ratio of 42.71x, a P/B ratio of 0.21x. These multiples provide valuation context, but they should not be labelled expensive or inexpensive without a comparable peer or sector benchmark.

Profitability and capital efficiency were represented by ROE of 0.33% and ROCE of 0.23%. ROE relates profit to shareholder equity, while ROCE measures returns generated on the capital employed in the business.

Per-share and shareholder-return metrics included EPS of Rs -0.59, book value per share of Rs 44.94, dividend yield of 0%. Dividend yield is a current or historical ratio and does not guarantee future distributions.

Triveni Glass Ltd. has a market capitalization of Rs 12.05 crore, positioning it as a Micro Cap company within the Construction Materials sector. The company's enterprise value, price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, return on equity (ROE), and return on capital employed (ROCE) provide insights into its valuation and financial performance.

The P/E ratio of 42.71 is at the upper end of the industry range, indicating a relatively high valuation compared to its peers. The P/B ratio of 0.21 is significantly below the industry median of 2.78, suggesting that the stock may be undervalued based on its book value. The ROE of 0.33% and ROCE of 0.23% are both below industry averages, highlighting potential challenges in generating returns on equity and capital.

The company's earnings per share (EPS) is -0.59, reflecting a loss attributable to each share. The book value per share is Rs 44.94, indicating the accounting net worth behind each share. The absence of a dividend yield suggests that the company has not distributed dividends recently.

Overall, the fundamental analysis reveals a mixed picture, with a high P/E ratio and low P/B ratio, coupled with below-average profitability metrics. Investors may want to consider these factors when evaluating the stock's potential.

Sector and Industry Context

Metric	Value
Sector	Construction Materials
Industry	Glass
Benchmark Scope	same industry
Companies in Benchmark	7
Company P/E Ratio	42.71x
Benchmark Median P/E	26.32x
Benchmark Average P/E	24.86x
Benchmark P/E Range	0x to 42.71x
Companies with P/E Data	7
Company P/B Ratio	0.21x
Benchmark Median P/B	2.78x
Company ROE	0.33%
Benchmark Median ROE	8.19%
Company ROCE	0.23%
Benchmark Median ROCE	10.56%
Company Market Capitalisation	Rs 12.05 crore
Benchmark Median Market Cap	Rs 652.28 crore

Triveni Glass Ltd. (TRIVENIGQ) is classified under sector: Construction Materials and industry: Glass. The numerical benchmark uses 7 same industry companies from the supplied master-data set.

Triveni Glass Ltd. (TRIVENIGQ) has a P/E ratio of 42.71x, which is above the benchmark median of 26.32x, a difference of +62.27%. The benchmark contains 7 companies with P/E data, ranging from 0x to 42.71x. P/E is a valuation multiple and is not, by itself, a buy or sell signal.

Triveni Glass Ltd. (TRIVENIGQ) has a ROE of 0.33%, which is below the benchmark median of 8.19%, a difference of -95.97%. Triveni Glass Ltd. (TRIVENIGQ) has a ROCE of 0.23%, which is below the benchmark median of 10.56%, a difference of -97.82%.

Track today's top gainers through the Univest top gainers screener. The peer table below provides the company-level comparison.

Triveni Glass Ltd. operates within the Construction Materials sector, specifically in the Glass industry. The sector snapshot provides a benchmark for evaluating the company's performance relative to its peers. The industry comprises seven companies, with a median P/E ratio of 26.32 and an average P/E ratio of 24.86. Triveni Glass Ltd.'s P/E ratio of 42.71 is at the maximum end of the range, indicating a higher valuation compared to the industry median.

The P/B ratio of 0.21 is significantly below the industry median of 2.78, suggesting that the stock may be undervalued based on its book value. The ROE of 0.33% and ROCE of 0.23% are both well below the industry medians of 8.19% and 10.56%, respectively, indicating potential challenges in generating returns compared to peers.

The market capitalization of Triveni Glass Ltd. is Rs 12.05 crore, which is below the industry median of Rs 652.28 crore, highlighting its position as a smaller player within the industry. The sector's performance and industry trends may influence the company's future prospects, making it important for investors to consider the broader context when evaluating the stock.

Peer Comparison

Company	Symbol	Market Cap (Cr)	P/E	P/B	ROE (%)	ROCE (%)
Banaras Beads Ltd.	BANARBEADS	80.42	42.71	1.38	5.74	7.26
AGARWAL TOUGH GLASS IND L	AGARWALTUF-SM	261.87	12.13	2.23	71.46	34.91
Haldyn Glass Ltd.	HALDYNGL-BE	652.28	26.32	2.78	7.09	10.45
Sejal Glass Ltd.	SEJALLTD-BE	863.66	30.67	6.71	0	0
Borosil Scientific Ltd.	BOROSCI	1,352.44	39.84	3.2	9.17	12.61

Triveni Glass Ltd. (TRIVENIGQ) has a P/E ratio of 42.71x compared with the displayed peer median of 30.67x. This is a relative valuation comparison, not a buy or sell signal. Its ROE of 0.33% compares with a peer median of 7.09% across the companies shown in the table. ROCE stood at 0.23% versus the displayed peer median of 10.45%, providing a capital-efficiency comparison. Triveni Glass Ltd. (TRIVENIGQ) has a market capitalisation of Rs 12.05 crore. Among the 5 peers shown, 5 have a larger market capitalisation.

Triveni Glass Ltd. faces competition from several peers within the Glass industry. Notable competitors include Banaras Beads Ltd., AGARWAL TOUGH GLASS IND L, Haldyn Glass Ltd., Sejal Glass Ltd., and Borosil Scientific Ltd. These companies vary in terms of market capitalization, valuation, and profitability metrics.

Banaras Beads Ltd. has a market capitalization of Rs 80.42 crore and a P/E ratio of 42.71, similar to Triveni Glass Ltd. AGARWAL TOUGH GLASS IND L, with a market capitalization of Rs 261.87 crore, has a lower P/E ratio of 12.13, indicating a more attractive valuation. Haldyn Glass Ltd. and Sejal Glass Ltd. have market capitalizations of Rs 652.28 crore and Rs 863.66 crore, respectively, with varying P/E ratios and profitability metrics.

Triveni Glass Ltd.'s P/E ratio is at the higher end of the peer range, while its P/B ratio is significantly lower. The company's ROE and ROCE are also below those of its peers, highlighting potential areas for improvement in profitability and efficiency.

Why Investors Are Watching Triveni Glass Ltd.

Triveni Glass Ltd. has captured investor attention due to its significant price rise and position within the Glass industry. The company's performance today has made it a focal point for market participants seeking opportunities in the Construction Materials sector.

• Price Action: 9.95% gain, reaching Rs 10.5.
• Technical Position: Neutral RSI at 49.28.
• Fundamental Context: High P/E, low P/B, negative EPS.
• Sector Positioning: Operates in the Glass industry.

Investors should monitor the company's future performance, considering its valuation, profitability metrics, and industry trends. The stock's position within the sector and its potential for growth may influence investor sentiment and market dynamics.

About Triveni Glass Ltd.

Triveni Glass Ltd. operates in the Construction Materials sector, specifically within the Glass industry. The company is involved in the manufacturing and distribution of glass products, catering to various applications and industries. Its product portfolio includes a range of glass solutions designed to meet diverse customer needs.

As a player in the Glass industry, Triveni Glass Ltd. competes with other manufacturers in the sector, focusing on delivering quality products and maintaining competitive pricing. The company's operations are influenced by industry trends, market demand, and technological advancements in glass manufacturing.

Triveni Glass Ltd. aims to leverage its expertise and capabilities to expand its market presence and enhance its product offerings. The company's strategic initiatives and focus on innovation may contribute to its growth and competitiveness in the industry.

Track Triveni Glass Ltd. Share Price on Univest

Use Triveni Glass Ltd. (TRIVENIGQ) live share-price page, Univest top gainers screener, Univest market blogs to review live stock data, top gainers lists and related market analysis.

Investors and market participants can track Triveni Glass Ltd. Share Price on Univest for real-time updates and insights. Univest provides access to live share prices, technical indicators, fundamental ratios, and shareholding patterns, offering a comprehensive view of the company's market performance.

Stay informed about Triveni Glass Ltd.'s price movements, 52-week levels, and market insights through Univest's platform. Utilize the available tools and resources to make informed investment decisions and stay updated on the latest market trends.

Frequently Asked Questions

What was Triveni Glass Ltd. Share Price today?

Ans. Triveni Glass Ltd. Share Price today was Rs 10.5, marking a 9.95% increase from the previous close of Rs 9.55. This significant rise positions it as a top gainer. The stock moved 9.95% during the session.

How much did Triveni Glass Ltd. Share Price rise today?

Ans. Triveni Glass Ltd. Share Price rose by 9.95% today, reaching Rs 10.5. This increase surpassed the Micro Cap threshold of 8.1%, highlighting strong performance. The stock moved 9.95% during the session.

What is the market capitalization of Triveni Glass Ltd.?

Ans. Triveni Glass Ltd. has a market capitalization of Rs 12.05 crore, classifying it as a Micro Cap company within the Construction Materials sector. The company operates in the Construction Materials sector.

What is the P/E ratio of Triveni Glass Ltd.?

Ans. Triveni Glass Ltd. has a P/E ratio of 42.71, which is at the upper end of the industry range, indicating a relatively high valuation compared to peers. The company trades at a P/E ratio of 42.71x.

How does Triveni Glass Ltd.'s P/B ratio compare to the industry?

Ans. Triveni Glass Ltd.'s P/B ratio of 0.21 is significantly below the industry median of 2.78, suggesting potential undervaluation based on book value. The company trades at a P/E ratio of 42.71x.

What is Triveni Glass Ltd.'s ROE?

Ans. Triveni Glass Ltd. has an ROE of 0.33%, which is below the industry median of 8.19%, indicating challenges in generating returns on equity. ROE stands at 0.33%. ROCE stands at 0.23%.

Who are Triveni Glass Ltd.'s main competitors?

Ans. Triveni Glass Ltd.'s main competitors include Banaras Beads Ltd., AGARWAL TOUGH GLASS IND L, Haldyn Glass Ltd., Sejal Glass Ltd., and Borosil Scientific Ltd. Comparable listed companies include Banaras Beads Ltd., AGARWAL TOUGH GLASS IND L, Haldyn Glass Ltd.

What sector does Triveni Glass Ltd. operate in?

Ans. Triveni Glass Ltd. operates in the Construction Materials sector, specifically within the Glass industry, focusing on manufacturing and distributing glass products. The stock belongs to the Construction Materials sector. Its industry classification is Glass.