Trident gains on receiving patent for `Process of manufacturing fabric with homogeneous pores`
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Trident is currently trading at Rs. 33.09, up by 0.29 points or 0.88% from its previous closing of Rs. 32.80 on the BSE.
The scrip opened at Rs. 32.70 and has touched a high and low of Rs. 34.00 and Rs. 32.62 respectively. So far 1806791 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 43.75 on 21-Jul-2022 and a 52 week low of Rs. 25.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 34.00 and Rs. 32.62 respectively. The current market cap of the company is Rs. 17030.68 crore.
The promoters holding in the company stood at 73.19%, while Institutions and Non-Institutions held 2.47% and 24.35% respectively.
Trident has been granted patent for ‘Process of manufacturing a fabric with homogeneous pores’ by European Patent Office. The present invention comprises a method of producing Air rich yarn and fabric with pores throughout the cross-section thereby producing Air Rich fabrics and yarns which have high wettability, easy dryablity, quick absorbency and increased thickness. These fabrics have added advantage of keeping the body warm as they do not allow the body's heat to transmit easily through the fabric.
With this patent, the company will deliver its Air Rich towels with efficiency to absorb water and dry faster than normal fabric in the global market. Air Rich Towels blooms after every wash, thereby making the Towels look like new even after multiple washes. The grant of this patent by the European Patent Office provides further recognition of the quality of the innovation being carried out by Trident.
Trident is engaged in manufacturing, trading and selling of Textiles (Yarn, Terry Towels & Bedsheets) and Paper & Chemicals.
