Rs 4.89 to Rs 46.85: Investment of Rs 1 lakh in this stock two years ago would have turned to Rs 8.58 lakh today!

Rs 4.89 to Rs 46.85: Investment of Rs 1 lakh in this stock two years ago would have turned to Rs 8.58 lakh today!

by 5paisa Research Team Last Updated: May 20, 2022 - 04:07 pm 27.7k Views
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Compared to the returns delivered by the S&P BSE 500, the company delivered over 9.88 times the index returns in the last two year.

Trident is a part of USD 1 billion Trident Group engaged in the textile business. Company manufacturers Yarn Bath Linen, Bed Linen, Wheat Straw-based Paper, Chemicals and Captive Power. It is one of the largest manufacturers of terry towels and bed linen in the world. The company has its manufacturing facilities in Barnala (Punjab) and Budni (Madhya Pradesh).

Share price of Trident has moved up by more than 190% in the last one year, however, it is currently trading 30% below its recent peak of Rs 70.35 reached during mid of January 2022. However, if we take last two years performance, the company has turned into a multibagger stock and has delivered exceptional returns to its shareholders. In last two years, shares of the company have moved up from Rs 4.89 to Rs 46.85 giving a return of 891%.  These returns are almost ten times the returns delivered by the S&P BSE 500 index, of which the company is a part.

Company is yet to announce its Q4FY22 results. The result for the quarter ending December 2021 were exceptional. Net Sales at Rs 1,980.01 crore in December 2021 was up 51.94% from Rs 1,303.15 crore in December 2020. When it comes to net profit, it stood at Rs 211.09 crore for Q3FY22, which is up by 88.22% from Rs 112.15 crore in December 2020. EBITDA stood at Rs 409.70 crore in December 2021, up 66% from Rs 246.80 crore in December 2020.

The shares of the company are currently trading at 48.05, up by 1.15% from the previous day’s closing price. The stock has a 52-week high & low of Rs 70.35 and Rs 15.70, respectively on BSE.

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