Trident surges on completing acquisition of 100% stake in Trident Innovations
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Trident is currently trading at Rs. 39.20, up by 0.55 points or 1.42% from its previous closing of Rs. 38.65 on the BSE.
The scrip opened at Rs. 38.60 and has touched a high and low of Rs. 40.30 and Rs. 38.55 respectively. So far 780622 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 70.90 on 18-Jan-2022 and a 52 week low of Rs. 17.05 on 26-Jul-2021.
Last one week high and low of the scrip stood at Rs. 43.75 and Rs. 38.00 respectively. The current market cap of the company is Rs. 20154.50 crore.
The promoters holding in the company stood at 72.94%, while Institutions and Non-Institutions held 3.22% and 23.8 % respectively.
Trident has completed the acquisition of 100% shareholding in Trident Innovations on July 22, 2022. The company has acquired Trident Innovations for implementation of forward and backward integration of operations.
Trident is engaged in manufacturing, trading and selling of Textiles (Yarn, Terry Towels & Bedsheets) and Paper & Chemicals.
