Trident Share Price Target 2023, 2024, and 2025

Trident is a textile manufacturing company in India. There are more than 20+ companies that are involved in the textile industry and making textile products. In short, in the textile industry, there is very tough competition as a large number of companies work in a single industry. Trident share price target will be affected a lot.

Trident Share Price Target

Trident is a penny stock and there is also very huge competition in the industry. It is also not going to be very easy to become a leader in the industry for the Trident company or some other companies too.

In Jan 2022, the trident stock created a new all-time high but after the Jan month. It started falling down very rapidly. It created an all-time high at Rs. 70.35 and now it is trading at Rs. 32.40 as of 19 August 2023. In short, in just approx 1.5 years the stock has fallen by 53% from its all-time high. These types of significant falls or crashes in penny stocks are very common.

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About Trident

Trident is an Indian company it was founded in 1990. As of now its managing director is Mr. Deepak Nanda.

Trident is involved in manufacturing, trading, and selling textile products. There are many textile products that the company offer to their customers as of now like bedsheets, towels, bath sheets, bath linen, comforter sheet, bathrobes, and many more textile products.

Not only textile segments the company is also doing business in Energy, chemical, and FMCG segments too. There are many products of the segments available in the market. You can explore their business and products on their official website.

Trident is doing their business in 150+ countries and they have 15+ offices in the world. They have 25+ plants and stores to manage the business and its products. You can check their office and plant locations on their official website.

Company Fundamentals

From the fundamentals, you can know about the company in detail like the strength of the company, the right value of the company, the position of company among the all companies of the same sector, financial statements, growth of the company, and many more.

Most probably you are a retail investor, it is highly recommended to do a fundamental analysis by yourself of the stocks in which you are investing or already invested. In case, you know how to do a fundamental analysis of companies you can learn it from the Internet.

Note: The fundamentals of the Trident company were last updated on 19 August 2023. Check the latest information on any broker website or screener.

Revenue Growth (Last 5 Years)

YearRevenues (In Crores)
March 20195,265.27
March 20204,723.95
March 20214,535.31
March 20226,941.52
March 20236,291.27

Quarterly Results (Last 5 Quarters)

QuarterTotal Income (In Rs. Cr.)
Jun 20221,667.07
Sep 20221,419.17
Dec 20221,618.40
Mar 20231,562.83
Jun 20231,466.93

Company Essentials

TitleValue
MARKET CAPRs. 16,510.90 Cr
ENTERPRISE VALUERs. 17,533.37 Cr.
NO. OF SHARES509.60 Cr.
P/E42.51
P/B3.92
FACE VALUERs. 1
DIV. YIELD1.11 %
BOOK VALUE (TTM)Rs. 8.27
CASHRs. 351.64 Cr.
DEBTRs. 1,374.11 Cr.
EPS (TTM)Rs. 0.76
SALES GROWTH-9.42 %
ROE10.65 %
ROCE11.62 %
PROFIT GROWTH-48.23 %

Shareholding Pattern

Held ByHolding %
FII2.47 %
DII0.06 %
Public24.29 %
Promoters73.19 %
Other Holders0.0 %

Thumb Rules for Investing

Just by doing fundamental analysis, anyone cannot book maximum returns on the stocks. Based on the investors’ experiences a few basic rules become the t rules for investing. In short, most retail investors or newbie investors make the below mistake as a result they do not get the maximum return on their investing.

These rules apply to the maximum sectors’ stocks. If you are new in the market or don’t have enough knowledge you should follow the rules to make your self psychology strong.

Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case you invested all the money in one sector, if the sector faces any issue, you’ll be in a huge loss.

Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.

Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector will face problems then other sectors’ stock will save you from huge losses.

Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they did not get good returns on their investments.

Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.

Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.

Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you to stay away from the stock which can give you huge losses.

Trident Share Price Target

Trident company is involved in many segments and provides the resources. Trendet is also involved in the business of trading, selling, and manufacturing textile products. They have a large number of products they made using Textiles. The Trident share price target will be very volatile in the future.

In the textile business, there is a very huge competition and it will really hard to become a leader in the segments. If the competition in any business is very high and the company is also not doing good then a direct action can be seen in its share price.

Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your own analysis or ask your financial advisor before investing. We will not be responsible for any loss or profit.

Trident share price target 2023

As you can see in the Trident stock’s chart it is trading at the same level from the last few 4 – 6 months. In the last 12 months, the stock is down by approx 25% without any solid reason.

As of now a major trendline and a major support is formed in the Trident stock. If it breaks the trendline then it will go upside and can give a good return in the next few months or weeks.

Trident daily chart

In case, if it breaks the support then we can see another fall in the stock. As the stock is trading just below or near the trendline it looks like it will break the trendline, not the support. Wait for the final price action before taking any decision.

Trident share price target 2024

As the Trident stock is consolidating in a range. It looks like it is hard to break the trendline in 2023. If it breaks the trendline the Triendt share price target can be achieved in 2024.

The more the stock will consolidate at the same level or in a range, the chance to increase to give a massive return in the upcoming months. Wait for the breakout or any other price action to take any decision for the stock.

In 2024, we can see a target of nearly Rs. 38 – 40. The target can be only achieved if the above-shared trend line is broken with a good breakout.

Trident share price target 2025

Once the target 2023 – 2024 is achieved then you need any positive price action because there are many resistance at the above levels. It may take some extra time to consolidate and give a breakout or form any price action.

There will be multiple financial results in each quarter. If the company gets any outstanding profit in its quarterly results then there will be a very high chance to get good returns in the future. The news also affects the stock price a lot so keep track g the news also.

In 2025, there are no Trident share price targets as the stock is a penny stock and there are only a few signs to recover a little bit in the upcoming months. It will be a very risky buying for anyone in the stock like this.

FAQs

What is the target of Trident in 2023

In 2023, we can see a target of Rs. 35 – 40 in the Trident stock. The stock is trading below the trendline and once it will give a breakout we can see the mentioned target in 2023 – 2024.

Is Trident good to invest in?

Trident is mainly involved in the textile business and there are more than 20+ companies that are involved in the game segments. In case, you want to invest in the industry, you should use fundamentals to find a good company in the textile industry.

Is Trident a future multi-bagger?

It is hard to say as there is very tough competition in the industry. It can be a multi-bagger only if it becomes the industry leader. From the chart, it looks a little bit hard.

Final Words: There is very tough competition in the Textile industry and most of the companies in the industry make the same types of products. It will be very hard to fight the competition for Trident or any other company which is fundament not strong. You should focus on the news and the company’s financials and news for the last updates and see some positive action in the Trident share price target.

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