Introduction: Trident Share Surges in Textile Sector
The textile sector of the stock market is currently experiencing a boom, and Trident Ltd is at the forefront of this trend. In this article, we will discuss the current status of the company in the stock market, its returns, and the biggest good news that has recently emerged.
Trident Ltd: Leading Company in the Textile Sector
Trident Ltd, formerly known as Abhishek Industries Limited, was founded by Rajendra Gupta in Punjab on April 18, 1990. The company is considered a leading player in the textile sector, specializing in the production of towels, bedsheets, and chemicals used in paper manufacturing. Its superior product quality has contributed to its significant earnings from international markets.
Trident Share: Current Status
Trident Ltd has a market capitalization of 21,734.25 crores, with the promoter holding recorded at 73.19%. The company currently carries a debt of 1374 crores, but also has free cash amounting to 351.64 crores. Investors in Trident Ltd enjoy a dividend yield of 0.91%.
Return Information for the Last 5 Years
Over the past 5 years, Trident Share has delivered impressive returns. The company has recorded a 19% return in the last 3 months, a 30% return in the last 6 months, -2% return in the last 1 year, and a remarkable 83% return in both the last 3 and 5 years. Overall, investors have gained a 42% return on their investments.
The Biggest Good News from India
Trident Share is currently trading at ₹42, with a 52-week high of ₹43.75 and a 52-week low of ₹25. Internationally, there are indications of a potential growth resurgence in the textile sector, which could benefit companies like Trident Ltd. Additionally, the recent decrease in the price of raw cotton used in the textile sector in India is expected to boost profits for companies operating in the industry.
Disclaimer: The news content provided is for informational purposes only. We do not advise investment in the stock market, as it carries inherent risks. Seek expert opinion before making any financial decisions.
