Trident Ltd. is an Indian company started in the year 1990 with its headquarters in India. It is a textile and fabric manufacturing company making linen, wheat based straws, etc. The company has made a significant name in the global market as well. It is believed to have a huge clientage in over 100 countries. The manufacturing work of Trident is not just limited to textiles and fabrics but it is also in the paper and chemical-making business. It is considered to be the most trusted company of its type.
Being such a trusted and reputed company Trident has its fair share of stock market or trading exposure as well. There are multiple investors willing to invest in it.
Trident’s share price has been facing a dip in the past some time, the current share price of Trident Ltd. stands at 36.60. Many people even wonder if it is a great time to invest in this stock or not. Well, to answer this question we need to look at the share price target of the company and the investors need to consider the time frame for which they want to invest. The stock facing a dip might not give optimum returns in a shorter period but if the company is believed to be a trusted stock, then it might be a smart investment.
On May 24, Trident Group released its Q4FY23 results, showing a net profit of 129.7 crores, a decrease of 28.4% from the same period previous year’s figure of 181 crores. The towel-to-paper manufacturer’s operating revenue for the January-March quarter was 1,573.2 crore, a 15.9% decrease from 1,869.8 crore in the same quarter last year. Operating, the company’s profits before interest, taxes, depreciation, and amortization (EBITDA) for the fourth quarter was 268.4 crore, a decrease of 20.5% from the 337.6 crores recorded in the same quarter a year before. The company’s yarn section had a 34% fall in revenue, while its towel and bedsheet businesses saw equivalent losses of 3% and 4%.
Latest news about Trident:
- The board suggested that, with the consent of shareholders, money be raised for 500 crores by the issuance of non-convertible debentures (NCDs), via a public or private offering, in one or more tranches. The Punjab-based business is active in the home textiles, yarns, papers, and energy sectors.
- The first interim dividend for the fiscal year 2023–2024 was issued by the company’s board at 0.36 per fully paid-up equity share of 1 each (or 36% per equity share). The “record date” for keeping track of the company’s members is set as June 1, 2023. According to a regulatory statement Trident made with the stock markets, the aforementioned interim dividend will be credited/dispatched to the shareholders in accordance with the established statutory deadlines.
Trident Share Price Target (2025)
When we see a significant growth in a particular stock, we start expecting better performance from it on a long-term basis, well Trident is surely such a stock to look out for. The current dip may prove to be a blessing for the investors wishing to invest in this stock, the share price prediction of Trident Ltd. is expected to go at a significant high by 2025. The maximum share price forecast is as high as 73.10 in June 2025. Here is a prediction of the stock performance till 2025:
Trident Share Price Target (2030)
When we say a long term investment approach, the longer it gets, the better returns it gives. Even the Trident Ltd. share price prediction which showed great high upto 2025 and the high is expected to grow even years beyond that. The maximum share price target of Trident is expected to be 155.27 which is some huge growth. So if you invest today, the returns might turn out to be great. Here is a chart showing the stock perform of Trident Ltd. upto 2030:
Should you invest in Trident stock?
If you are an investor, willing to invest in the long run, Trident is surely a stock to be considered. The expected performance of the stock is progressive. Even on a short term basis the share price prediction stays decent. The investors need to look at their interest and the time frame of investment to make a smart decision on stock investing. One thing which can be said surely is that, the investment made in dips of high performing stocks may turn out to be great assets. Looking at the charts for 2 years, Trident had a fall in January 2022 from INR 70 to INR 30. So, it is sure that it will take time to fully recover and gain back its position. It is currently at the price range of INR 28 to 30. It is suggested to buy the shares at the price of around INR 31 and only if it sustains the price for more than a month.
What is Dip?
Dip is a situation when the share price of a stock faces a downfall, it might not be consistent or for a long period.
What is the most accurate time to invest in a stock?
Dips are often considered as smart investments, as the share price rate of stocks tends to fall during this time and when the dip is over, the investors can earn high returns out of these.
Is Trident a trusted stock?
Trident is surely a trusted company in terms of its brand name and clientage. Even in trading market Trident seems to like a promising stock in long run.
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