TRIDENT

Trident

₹31.18
-0.83 (-2.59%)
22 January, 2025 14:27 BSE: 521064 NSE: TRIDENTISIN: INE064C01022

Start SIP in Trident

Start SIP

Trident Performance

Day Range

₹ 31

52 Week Range

₹ 31

Trident Share Price

  • Over 1 Month -9.16%
  • Over 3 Month -8.33%
  • Over 6 Month -15.82%
  • Over 1 Year -30.75%

Trident Key Statistics

Trident Technicals

EMA & SMA

Current Price
₹31.18
-0.83 (-2.59%)
pointer
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 16
  • 20 Day
  • ₹32.55
  • 50 Day
  • ₹33.41
  • 100 Day
  • ₹34.40
  • 200 Day
  • ₹35.65
  • 20 Day
  • ₹32.54
  • 50 Day
  • ₹33.41
  • 100 Day
  • ₹34.41
  • 200 Day
  • ₹36.39

Trident Resistance and Support

PIVOT
₹32.17
Resistance
First Resistance 32.52
Second Resistance 33.04
Third Resistance 33.39
RSI 44.29
MFI 50.67
MACD Single Line -0.64
MACD -0.63
Support
First Support 31.65
Second Support 31.30
Third Supoort 30.78

Trident Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 4,769,865 148,342,802 31.1
Week 5,535,107 148,396,224 26.81
1 Month 7,031,816 203,571,073 28.95
6 Month 12,983,116 360,541,124 27.77

Trident Result Highlights

Trident Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Trident Corporate Action

Date Purpose Remarks
2025-01-24 Quarterly Results
2024-11-06 Quarterly Results
2024-07-24 Quarterly Results
2024-05-18 Audited Results & 1st Interim Dividend (Revised) per share(18%)Third Interim Dividend
2024-02-06 Quarterly Results
Date Purpose Remarks
2024-05-28 INTERIM Rs.0.36 per share(36%)First Interim Dividend (Revised)
2023-06-01 INTERIM Rs.0.36 per share(36%)Interim Dividend (RD & XD revised)
2022-08-19 INTERIM Rs.0.36 per share (36%) First Interim Dividend
2021-10-29 INTERIM Rs.0.36 per share(36%)Interim Dividend

About Trident

Trident Ltd is the flagship brand of the Trident group, which is valued at USD 1 billion. It is headquartered in Ludhiana. Entrepreneur Padma Shri Rajinder Gupta founded Trident Group. It was established in April 1990 with a single unit to produce high-quality yarn. Under the appropriate guidance of its founder Mr Rajinder Gupta, it has become the largest manufacturer of terry towels and home textiles in the world. In addition, Trident Ltd has continued to grow and diversified into other niches like paper manufacturing, chemical production, energy, and more.

Trident Ltd tirelessly works to give the best products to its customers and a seamless experience to its stakeholders and employees. They believe in some core philosophy that has shaped the company into a leading business conglomerate in India: teamwork, honesty, integrity, continuous growth and development, and customer satisfaction. Trident Ltd believes in preserving nature while producing top-notch products, and hence they have incorporated sustainable alternatives to manufacturing while saving resources and energy.

This philosophy has led them to manufacture environmentally friendly products like paper made from wheat straw, an agricultural remnant. This saves 5000 trees every day, and they are making conscious choices every day, like choosing suitable raw materials to reduce the carbon footprint. Trident aims to achieve a revenue of INR 25000 crores by 2025. Trident Ltd strives to embrace future trends and technologies, and hence they have equipped their factories and employees with state-of-the-art facilities to be future-ready.

Today, from its humble beginnings in Punjab, it exports products to over 75 countries worldwide. It is also the top producer of yarn in India, and today Trident Ltd has made its way into millions of homes across the globe through its home textiles and other diverse products. The Indian government and other organizations have acknowledged and appreciated their eco-friendly vision for the company. They have also been felicitated with several awards like National Energy Conservation Award, Indian Exporters' Excellence Awards, FIEO Export Excellence Award, and Excellence in Energy Management.

Since 2019, Trident has had two subsidiaries: Trident Global Corp Limited and Trident Europe Limited. Trident Global Corp Ltd controls the retail operations of the company. Trident Europe Ltd helps build the brand's presence in the East and has opened the way to European markets.

Trident Ltd was previously known as Abhishek Industries Ltd, but the name was changed in 2011. Trident Yarn began in 1993, in Punjab, with a modest beginning of 17,280 spindles. Today, Trident has 6.2 lakh spindles with state-of-the-art manufacturing facilities, which produce 390 MTs of yarn per day. They have yarn manufacturing units in Sanghera (Punjab) and Budhni (Madhya Pradesh), which produce melange, cotton, and acrylic yarn.

In 1999, Abhishek Spinfab Corporation Ltd, which could produce 4767 TPA of cotton yarn and manufacture 3032 TPA of terry towel, was assimilated into Abhishek Industries Ltd. In 2002, Varinder Agro Chemicals Ltd, a producer of sulphuric acid and paper, merged with the company. In 2003, the company launched a massive INR 3000 million expansion in textiles. The spinning units were modernized, and eventually, Trident Ltd became one of the top five manufacturers in the world.

In 2014, Trident established the world's most significant terry towel production unit and inaugurated their composite textile project. With innovations and expansions, Trident Ltd, in 2015, branched into bed-linen production at Budhni, Madhya Pradesh. Trident Ltd is the largest supplier of top-quality copier paper used for printing and publishing in India. It is India's first industry to produce paper from wheat straw. Trident Ltd uses eco-friendly lime kiln burners, believing that nature comes first. Today, Trident can produce 175,000 TPA of paper, but it aims to manufacture 200,000 TPA soon.

Trident's borosilicate glass manufacturing plant facilitates the production of superior quality sulphuric acid in India on a more efficient and more extensive scale. This sulphuric acid manufacturing plant was initially part of Varinder Agro Chemicals Ltd and was set up at Sanghera. This was shifted to Dhaula in 1997, and the production capacity was more than doubled to 275 TPD. Today, Trident Ltd can produce 310 MT per day. It is also the largest manufacturing plant that produces 33 MT LR grade sulphuric acid per day.

Trident Ltd works to preserve our environment and leave behind a better Earth for future generations. Therefore, sustainability is one of the core values of the company. They harness rainwater, use agricultural residue as raw materials, produce organic yarn, and try to preserve resources and energy every step of the way. For example, they follow a zero liquid discharge facility at their textile production units, a benchmark policy to protect the environment.

In keeping with the eco-friendly vision, the next logical step was to set up their power plant to meet their energy requirements. They use the waste they generate like black liquor, biomass, other by-products, and coal to create high-pressure steam that produces power. They started with an initial capacity of 9.4 MW and today produces about 50 MW of power. Thus, Trident Ltd has continuously honed technological advancements to become a company of the future.

Q2FY23
Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91