{"id":50100,"date":"2022-06-24T16:10:00","date_gmt":"2022-06-24T10:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=50100"},"modified":"2022-06-24T16:07:28","modified_gmt":"2022-06-24T10:37:28","slug":"is-trident-a-good-buy-at-current-levels-check-analyst-target","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/is-trident-a-good-buy-at-current-levels-check-analyst-target\/","title":{"rendered":"Is Trident a good buy at current levels; Check Analyst Target"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3992662091\"><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>The shares of textile manufacturer Trident Ltd. were down 0.65% for the day as of 12:35 IST and were trading at \u20b9 38.10 per share. Trident is a diversified mid-cap company with interests in home textiles, paper, energy, FMCG and chemical industries. Its bed &amp; bath linen and yarn business contribute majorly to the revenue. It presently has a market cap of \u20b9 19,441 crores and has a global presence.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4173448812\"><!-- 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>The stock of the Punjab-based conglomerate has given multi-bagger returns of 134% in the last twelve months. As of Thursday, the RSI indicator for the stock was hovering near 35 points which indicates it is still near its oversold zone.<\/p><p>For the March quarter ended 2022, its total income rose 37% to \u20b9 1,853 crores from \u20b9 1,353 crores reported in the same period last year. Supported by exceptional items, the profit after tax increased 129.5% to \u20b9 174 crores from \u20b9 76 crores in Q4 year-on-year basis.\u00a0<\/p><p>On a quarter-on-quarter basis, its EBITDA margin shrank 270 basis points from 20.7% in Q3FY22 to 18.0% in Q4FY22 while exports as a percentage of revenue declined from 71% to 57%.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-2558131063\"><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>The company plans to raise \u20b9 1,100 crores through non-convertible debentures and the issuance of equity shares in tranches.\u00a0<\/p><p>For the fiscal year ended 2022, its net debt to equity ratio stood at 0.34. The company has an interest coverage ratio of 17.62.<\/p><p><strong>Analysts at Motilal Oswal have given a buy call on the stock for a target price of \u20b9 50 per share. This results in an upside of 29% for the stock.\u00a0<\/strong><\/p><p>Promoters have a 73% stake in the company, followed by public and non-public non-promoters who hold 25% and 2% respectively.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vikalp Mishra<\/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-190793584\"><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>The shares of textile manufacturer Trident Ltd. were down 0.65% for the day as of 12:35 IST and were trading at \u20b9 38.10 per share. Trident is a diversified mid-cap company with interests in home textiles, paper, energy, FMCG and chemical industries. Its bed &amp; bath linen and yarn business contribute majorly to the revenue. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":17372,"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":[4192,4188,948,936,3153,4178,4183,3157,3158,4189,4190,4191,4193],"class_list":["post-50100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-is-trident-a-good-buy-in-2022","tag-is-trident-share-a-good-buy","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-buy-in-2022","tag-stock-to-trade","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-trident-news","tag-trident-share-price-target-2022","tag-what-is-the-future-of-trident-stock","tag-will-trident-share-go-up-tomorrow"],"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>Is Trident a good buy at current levels; Check Analyst Target - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/is-trident-a-good-buy-at-current-levels-check-analyst-target\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Trident a good buy at current levels; Check Analyst Target\" \/>\n<meta property=\"og:description\" content=\"The shares of textile manufacturer Trident Ltd. were down 0.65% for the day as of 12:35 IST and were trading at \u20b9 38.10 per share. 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