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As on 15th Dec 2021 TRIDENT Share Price closed @ 55.10 and we RECOMMEND Strong Buy for LONG-TERM with Stoploss of 22.71 & Strong Buy for SHORT-TERM with Stoploss of 41.80 we also expect STOCK to react on Following IMPORTANT LEVELS.
Is Trident overvalued?
Price to Book Ratio PB vs Industry: 521064 is overvalued based on its PB Ratio (7.7x) compared to the IN Luxury industry average (1.2x).
Is it good to invest in Trident?
What is Trident worth? Since Trident’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
WHY IT shares are increasing?
Stock market prices are affected by demand-supply economics. In simple words, when demand for a stock exceeds supply, there will be a rise in the price of a stock. The more drastic the demand-supply gap, the higher the price. For example, when many traders are buying stock X, stock X’s price per share will increase.
What is the future of Trident company?
Under Vision 2020 – Trident targets to achieve Revenue of Rs25,000cr by 2025 with a 12\% bottom line. Further, the company focuses on making Trident a National Brand and also to achieve Digital Trident by completing the journey of Industry 4.0.
| Date | Stock | Target |
|---|---|---|
| 30 Sep 2019 | Trident Ltd. | 67.50 |
| 16 Sep 2019 | Trident Ltd. | 83.00 |
| 06 Aug 2019 | Trident Ltd. | 73.00 |
| 20 May 2019 | Trident Ltd. | 90.00 |
Is Trident owned by Tata?
This retail division of Group Trident has been into existence since 1996. Starting the retail division with Tanishq jewellers (TATA Group), the company has now expanded wings in different segment like Siemens home Appliances, Hacker Kitchens German made, Eternal Gandhi, Fabindia and Helios watch store.
Is Trident undervalued?
The regular price of TRIDENT LTD is 0.0. Based on Macroaxis valuation methodology, the company cannot be evaluated at this time. In general, we recommend acquiring undervalued stocks and selling overvalued stocks since, at some point future time, asset prices and their ongoing real values will draw towards each other.
Like all assets, share prices change as a result of shifts in supply and demand. Essentially, if more people want to buy a share than sell it, the price will rise because the share is more sought-after (the ‘demand’ outstrips the ‘supply’). On the other hand, if supply is greater than demand, then the price will fall.
Growing concerns over global inflation have also dented sentiments. Indian shares fell on Thursday, dragged by banks and IT stocks, while investor sentiment also slipped on weak global cues stemming from worries over rising inflation. The Nifty IT index was 0.46\% lower, tracking its second straight sessions of losses.
Who owns Trident Ltd?
Mr Rajinder Gupta
Trident Limited a part of USD 1 billion Trident Group is headquartered in Ludhiana Punjab. Established in the year 1990 the Company has evolved as a global textile player under the visionary leadership of its founder chairman Mr Rajinder Gupta a first generation entrepreneur.
Is Trident a large cap company?
Trident Ltd, incorporated in the year 1990, is a mid cap company with a market cap of Rs 7,185.30 crore, operating in textiles sector.
Why is the stock price of Trident Limited falling or rising?
TRIDENT NEWS reasons for why stock price of Trident Limited is falling or rising Indicator ADX is indicating that momentum is still strong. Indicator RSI is indicating buying momentum and stock might rise. Recent prices of TRIDENT Trident Limited are as follows: Daily volume is divided by 10 day averaged volume
Is Trident Ltd (tar) a good investment?
Our Ai stock analyst implies that there will be a negative trend in the future and the Trident Ltd shares are not a good investment for making money. Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio.
Are Trident’s shares in a bullish cycle?
According to present data Trident’s Trident Ltd shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). Currently there seems to be a trend where stocks in the Other Manufacturing sector (s) have been popular in this period.
Will Trident (Trident) keep rising?
Stock of Trident (TRIDENT) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher! My analysis of Trident is bullish for shortterm, but trade for tomorrow is selective.