{"id":97800,"date":"2023-03-28T14:15:00","date_gmt":"2023-03-28T08:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=97800"},"modified":"2023-03-28T15:05:42","modified_gmt":"2023-03-28T09:35:42","slug":"promoter-of-trident-buys-over-1-23-cr-shares-of-the-company-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/promoter-of-trident-buys-over-1-23-cr-shares-of-the-company-check-the-details\/","title":{"rendered":"Promoter of Trident buys over 1.23 Cr shares of the company; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3260531837\"><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>Trident Limited, through a recent filing with BSE, provided an update regarding the company\u2019s Employees Welfare Trust offloading equity shares in the company. As per data provided in the block deals section, the Trust sold 123,85,000 equity shares in Trident at a price of \u20b925.75 per equity share which amounts to \u20b931.89 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2641717150\"><!-- 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>In the same block deal, Madhuraj Foundation, one of the promoters of the company, purchased the same number of equity shares at the matching price.&nbsp;<\/p><p>The company started its trading session today at Rs 25.45 and currently trades at Rs 25.35. The scrip is trading flat today with an upside of around 0.6 percent in comparison to the previous closing price of Rs 25.25.&nbsp;<\/p><p>Trident Ltd is a terry towel and wheat straw-based manufacturer in India. The company, through its subsidiaries, operates in segments such as textiles &amp; paper, and chemicals. The firm generates a majority of its revenue from the Textile segment.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3574390027\"><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 group offers a variety of products such as solid bath sets, beach towels, embroidered towels, bath mats, duvet covers, cushion covers, blended yarn, and Trident Natural brands. The company has a geographical presence domestically and across borders including the USA and the Rest of the world.&nbsp;<\/p><p>Digging into the financials, the company has observed a decent amount of growth in the revenues and net profits reported. Revenues have moved from Rs 1,438 crores in Q2 to Rs 1,641 crores in Q3. Moreover, the net profit figures have more than tripled on a QoQ basis by showing a movement from Rs 38 crores in Q2 to Rs 143 crores in Q3.&nbsp;<\/p><p>Apart from the parameters discussed above, the profitability ratios are on the rise with ROE figures moving from 9.57 percent in FY20-21 to 23.23 percent in FY21-22. Adding on, the ROCE figures have shown a movement from 9.55 percent in FY20-21 to 23.39 percent in FY21-22.&nbsp;<\/p><p>The debt to equity ratio shows a positive scenario with a consistent reduction in the numbers with the recent shift being from 0.46 during FY20-21 to 0.41 in FY21-22.&nbsp;<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><p><\/p><div class=\"trade-after-content\" id=\"trade-3852227679\"><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>Trident Limited, through a recent filing with BSE, provided an update regarding the company\u2019s Employees Welfare Trust offloading equity shares in the company. As per data provided in the block deals section, the Trust sold 123,85,000 equity shares in Trident at a price of \u20b925.75 per equity share which amounts to \u20b931.89 crores.&nbsp; In the [&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":[4865,31],"tags":[4188,948,936,3153,3157,2597,2103,2104,7916,7915,6837,6838,6839,5761,2716,2463,5911,4189,5759,2462,2715,5760,4638,4191,4193],"class_list":["post-97800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","tag-is-trident-share-a-good-buy","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-textile","tag-textile-industry","tag-textile-stock-to-buy-in-2023","tag-textile-stock-to-watch","tag-textile-stocks","tag-textile-stocks-to-buy-now","tag-textile-stocks-to-watch","tag-trident-2023","tag-trident-future","tag-trident-limited","tag-trident-limited-share-price","tag-trident-news","tag-trident-q3-2023","tag-trident-q3-results","tag-trident-share-price","tag-trident-stocks","tag-what-is-the-future-of-trident-share","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>Promoter of Trident buys over 1.23 Cr shares of the company; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company is a terry towel and wheat straw-based manufacturer in India. 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