Buy Trident, target price Rs 41: Motilal Oswal

Motilal Oswal Securities has buy call on Trident Ltd. with a target price of Rs 41. The current market price of Trident Ltd. is Rs 34.75. Trident Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 17657.49 Crore) operating in Textiles sector.

Trident Ltd. key Products/Revenue Segments include Textiles, Paper, Export Incentives, Waste Sales, Chemicals, Other Services, Other Operating Revenue and Sale of services for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 1442.94 Crore, down -14.35 % from last quarter Total Income of Rs 1684.65 Crore and down -15.21 % from last year same quarter Total Income of Rs 1701.70 Crore. Company has reported net profit after tax of Rs 38.36 Crore in latest quarter.