{"id":105499,"date":"2023-07-21T15:42:53","date_gmt":"2023-07-21T10:12:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105499"},"modified":"2023-07-21T15:42:55","modified_gmt":"2023-07-21T10:12:55","slug":"textile-stock-in-green-after-company-received-a-patent-from-europe-patent-office-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/textile-stock-in-green-after-company-received-a-patent-from-europe-patent-office-check-the-details\/","title":{"rendered":"Textile stock in green after company received a patent from Europe Patent Office; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3146492672\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>A one of the leading players in home textile in India and a vertically integrated textile and paper manufacturer rose 3.6 percent to Rs 34 apiece after the company received a patent for fabric manufacturing.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3423095232\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TRIDENT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Trident Ltd<\/a><\/strong> shares were trading at Rs 33.35 a share on the NSE at 3:11 p.m., up Rs 0.55 or 1.68 percent, with a market capitalization of Rs 16,955 crores.\u00a0<\/p><p>According to a company\u2019s BSE filing, Trident Limited has been granted a patent by the European Patent Office for &#8220;Process of manufacturing a fabric with homogeneous pores.&#8221; With this patent, the firm will be able to provide its Air Rich towels with the ability to absorb water and dry faster than standard cloth on the global market.&nbsp;<\/p><p>Trident Limited, the flagship company of the Trident Group, is a prominent maker of yarn, bath and bed linen, wheat straw-based paper, chemicals, and captive power, as well as the world&#8217;s largest agro-based paper manufacturer.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2543408074\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In FY 22-23, Company\u2019s revenue declined by 9.5 percent year on year to Rs 6,332 crore, while net profit increased by 47 percent to Rs 441 crore.&nbsp;<\/p><p>The company&#8217;s profitability ratios in fiscal year 22-23 are as follows: net profit margin of 6.96 percent, operating margin of 10.39 percent, return on equity of 10.51 percent, and return on capital employed of 12.27 percent.&nbsp;<\/p><p>As per latest shareholding pattern, Promoters own 73.19 percent stake of the company and retail investors own 23.03 percent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1771439397\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>A one of the leading players in home textile in India and a vertically integrated textile and paper manufacturer rose 3.6 percent to Rs 34 apiece after the company received a patent for fabric manufacturing.&nbsp; Trident Ltd shares were trading at Rs 33.35 a share on the NSE at 3:11 p.m., up Rs 0.55 or [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,6837,6839,9478,10149,2715,10148],"class_list":["post-105499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-textile-stocks","tag-textile-stocks-to-watch","tag-trident-latest-news","tag-trident-patent","tag-trident-share-price","tag-why-is-trident-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Textile stock in green after company received a patent from Europe Patent Office; 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