15 Jan 2025

Trident Shares See 1.92% Rise Amid Global Expansion Moves

Trident's stock is currently trading at RS 31.79, marking an increase of 0.60 points or 1.92% from its previous close of RS 31.19 on the BSE. The stock opened at RS 31.33, reaching an intraday high of RS 32.14 and a low of RS 31.31, with 5,98,424 shares traded so far.

The BSE Group 'A' stock, with a face value of RS 1, hit its 52-week high of RS 49.10 on February 6, 2024, and a 52-week low of RS 29.60 on January 13, 2025. Over the past week, the stock has seen a high of RS 32.75 and a low of RS 29.60. The company's market capitalization currently stands at RS 16,205.14 crore.

Promoters hold a majority stake of 73.19%, while institutional and non-institutional investors own 2.81% and 24.01%, respectively.

In a significant development, Trident’s Singapore-based subsidiary, Trident Group Enterprises, has acquired the entire 100% shareholding of THTL Trading L.L.C., a company based in Dubai, UAE. This acquisition, completed on January 14, 2025, makes THTL Trading a wholly owned subsidiary of Trident Group Enterprises and a step-down subsidiary of Trident.

The acquisition aims to diversify Trident’s business operations in the global market, explore new opportunities, and enhance its talent pool for managing business activities.

Trident is involved in the production and distribution of textiles, including yarn, terry towels, and bedsheets, as well as paper and chemicals.