Triveni Turbine Faces Consecutive Declines Amid Broader Engineering Sector Challenges

Triveni Turbine, a midcap player in the engineering sector, has experienced a notable decline of 5.18% on March 11, 2025. This drop comes as the stock has underperformed its sector by 3.14%, marking a consecutive fall over the last two days, resulting in a total decline of 12.89% during this period. The stock reached an intraday low of Rs 532.7, reflecting a decrease of 5.59%.
In terms of moving averages, Triveni Turbine's current price is above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages. The broader engineering sector has also faced challenges, with a decline of 2.04%.

On the market front, the Sensex opened lower at 73,743.88, down 371.29 points, and is currently trading at 73,868.21. The index is nearing its 52-week low and is trading below its 50-day moving average, indicating a bearish trend. Over the past year, Triveni Turbine has shown a performance of 11.12%, significantly outperforming the Sensex, which has recorded a modest gain of 0.49%.