Stock market analyst Kunal Saraogi has maintained 'buy' rating on Triveni Engineering & Industries Limited stock to achieve a target of Rs 139.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 124.

The stock of the company, on Nov 08, closed at Rs 127 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 4.41 and 29.34 respectively.

The share price has seen a 52-week high of Rs 143.50 and a low of Rs 86 on BSE.

Triveni Engineering and Industries aslong with GE Mauritius Infrastructure Holdings formed a JV company, GE Triveni (GTL).

GE Mauritius Infrastructure Holdings is one of the associates of GE Oil and Gas.

The JV firm has been constituted pursuant to deal signed between both the companies on April 15 this year.

According to the conditions of the deal, GTL will propose, produce, deliver, sell and service superior technology steam turbines in the Indian market in the above 30 to 100 MW range for power production applications in the Indian as well as global market areas.

Triveni Engineering & Industries Ltd functions in three different sections including sugar, engineering and others.