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Trident Ltd.
Share Price Target & Analysis

NSE:TRIDENT

38.79

VWAP

39.10

Open

38.8

Close

39.35

High

38.30

Low

52.90

52 Week High

38.55 ⇩
-0.25 (-0.64%)

TRIDENT

(TEXTILES)
32.6% Momentum

Turnaround Potential

31.60

52 Week Low

0.87

EPS

32.40

PE

4.76

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: TRIDENT Share Price Financial Analysis & Valuation

Trident Ltd. (TRIDENT) is broadly categorized in TEXTILES segment industry which deals in Textiles - Spinning - Cotton Blended vertical. It is one of Mid Cap company with Market Capitalization of Rs 30488.5 (in Cr). Total number of free float shares are 49.8 (in Lacs). Trident Ltd. is listed on NSE with Exchange ID - INE064C01022 and trading code is NSE:TRIDENT with short name Trident.

In the past 1 year, Trident Ltd. has declared an equity dividend of Rs 0.72 per share. At the current share price of TRIDENT at Rs 38.55, this results in a dividend yield of 1.87 %.

As per the Fundamental Analysis of NSE:TRIDENT, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine TRIDENT underlying value and future prospects. All of this data is available in TRIDENT financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:TRIDENT, it is clearly understood that TRIDENT is Economical performer in terms of earnings and profit margins with an EPS of 0.87. NSE:TRIDENT book value per share as of today is 8.10. The current price to book ratio for TRIDENT as of May 16, 2024 is 4.76.

Valuation of the Stock: The current valuation of TRIDENT stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of TRIDENT whether to BUY this stock at current valuation. The delivery percentage of TRIDENT is 35.50% is very crucial parameter which shows that 35.50% investors are anticipating that the price of TRIDENT share should go up with VWAP at 38.79.

Now, the main question is whether to BUY or SELL, NSE:TRIDENT at current valuation.
As per latest Analysis No. #2509:-

⇑ STRONG BUY TRIDENT if All Greens

⇗ BUY TRIDENT (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD TRIDENT (With Stop Loss) if only 1 Green

⇘ SELL TRIDENT if NO Green Indicator

NSE: TRIDENT Share Price Today (May 16, 2024)

(Trident Ltd. Daily Analysis on the basis of TRIDENT Intraday Graph & Trend)

Trident Ltd. share price moved Down by -0.64% from its previous close of Rs 38.8. TRIDENT stock last traded price is 38.55. TRIDENT share price trend is Down with a total of 9725955 stocks traded till now. It has touched an intraday high of Rs 39.35 and an intraday low of Rs 38.30. The TRIDENT trading at 38.55, Down by Rs. -0.25, or -0.64 percent which suggests that most of the Traders are anticipating that the price of TRIDENT share should go Down.

NSE: TRIDENT Share Price Tomorrow Prediction

(Trident Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of TRIDENT)

Trident Ltd. share price moved Down by -0.64%. TRIDENT share price short term trend is Down. It suggests that TRIDENT Share Price for Tomorrow remains the same with VWAP at 38.79 will be treated as stop loss for intraday traders. Trident Ltd. Long term investors can follow the TRIDENT long term trend as mentiond in future forecast table.

NSE Code

NSE: TRIDENT

TRIDENT Share Price Today

 38.55

TRIDENT Share Price Target Prediction for 2024 ^

 33.1 - 44.9

TRIDENT Share Price Target Prediction for 2025*^

 44.9 - 46.7

TRIDENT Share Price Target Prediction for 2026*^

 46.7 - 49

TRIDENT Share Price Target Prediction for 2027*^

 51

TRIDENT Share Price Target Prediction for 2028*^

 52

TRIDENT Share Price Target Prediction for 2030*^

 56
TRIDENT Current Book Value 2023
8.1

*Trident Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^TRIDENT share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

TRIDENT Technical Analysis

Candlestick Pattern: @38.55

TRIDENT Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 38.26 BUY 38.5 BUY
MA_12 38.9 SELL 38.76 SELL
MA_20 39.05 SELL 38.94 SELL
MA_32 39.19 SELL 39.26 SELL
MA_50 39.19 SELL 39.59 SELL
MA_100 41.7 SELL 39.79 SELL
MA_200 38.68 SELL 38.84 SELL

TRIDENT Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 39.05 Downtrend
MACD -0.07 SELL
ADX 16.74 NO or Weak Trend
DMI (+/-) 16.84 / 21.48 Downtrend

TRIDENT Momentum Oscillators

BUY (2) NEUTRAL (8) SELL (2)
Momentum Oscillators Value Action
RSI 45.7 Neutral
STOCHASTIC_K (Fast) 75.16 Neutral
STOCHASTIC_D (Slow) 67.99 Neutral
CCI -27.31 Neutral
PSAR 40.27 SELL
TRUE RANGE 1.05 Neutral
ATR 1.22 Neutral
WILLIAMS R -54.55 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 83.05 Overbought
STOCHASTIC RSI D 82.84 Overbought
MOMENTUM -1.4 SELL

TRIDENT Last 1 Year Trend

Duration Value
1 Year 20.09%
3 Months -15.55%
1 Month -3.5%
1 Week -0.26%

TRIDENT Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 13%
NEUTRAL / HOLD 30%
SELL 57%

Most popular Questions & Answers about TRIDENT


Trident Ltd. stock last traded price is 38.55. TRIDENT share price moved Down by -0.64% from its previous close of Rs 38.8.

Trident Ltd. share price trend is Down with a total of 9725955 stocks traded till now. It has touched an intraday high of Rs 53.429 and an intraday low of Rs 38.30. The TRIDENT trading at 38.55, Down by Rs. -0.25, or -0.64 percent which suggests that most of the Traders are anticipating that the price of TRIDENT share should go Down and the Stop Loss will be around 38.79.

The market cap of Trident Ltd. is ₹30488.5 (in Cr) as of May 15, 2024.

The current price to earning ratio for Trident Ltd. as of May 15, 2024 is 32.40.

The current price to book ratio for Trident Ltd. as of May 15, 2024 is 4.76.

The highest price of Trident Ltd. stock is ₹52.90 in the last 52-week.

The lowest price of Trident Ltd. stock is ₹31.60 in the last 52-week.

Trident Ltd. share trading at ₹38.55, Down by Rs. -0.25, or -0.64 percent which suggests that most of the traders are anticipating that the price of TRIDENT share should go Down.

In 2023, Stock price target for Trident Ltd. (TRIDENT) are ₹33.1 on downside and ₹44.9 on upside. Trident Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Trident Ltd. (TRIDENT) are ₹44.9 on downside and ₹46.7 on upside. Trident Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Trident Ltd. (TRIDENT) are ₹46.7 on downside and ₹49 on upside. Trident Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Trident Ltd. (TRIDENT) will be around ₹52 Trident Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of TRIDENT.

As per the fundamental analysis of Trident Ltd. (TRIDENT), it is of Economical quality in terms of earnings and profit margins with an EPS of 0.87. Trident Ltd. book value per share as of today is 8.10. The current price to book ratio for TRIDENT as of May 16, 2024 is 4.76.


NSE:TRIDENT News & Other Useful Information about TRIDENT Share Price


Peer Comparison of NSE: TRIDENT

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Textiles - Spinning - Cotton Blended

Company Price EPS BV
TRIDENT 38.55 0.87 8.1
VTL 456.25 21.01 286.82
ICIL 371.50 15.23 89.1
NITINSPIN 344.70 23.39 203.9
AMBIKCO 1553.15 113.57 1426.4
VISHAL 22.05 1.49 19.75
NAHARPOLY 194.85 0 195.09
DCMNVL 74.85 0 4.23
MARALOVER 73.05 0 31.69
GINNIFILA 38.55 0 32.56
Updated at: 15 May 2024 15:59

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