Trident rises on getting patent for `Wet Processing Technique for Producing Terry Fabrics`
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Trident is currently trading at Rs. 36.90, up by 0.13 points or 0.35% from its previous closing of Rs. 36.77 on the BSE.
The scrip opened at Rs. 37.01 and has touched a high and low of Rs. 37.40 and Rs. 36.70 respectively. So far 987300 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 05-Sep-2023 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. 37.50 and Rs. 34.70 respectively. The current market cap of the company is Rs. 18793.88 crore.
The promoters holding in the company stood at 73.19%, while Institutions and Non-Institutions held 2.61% and 24.20% respectively.
Trident has been granted patent for ‘Wet Processing Technique for Producing Terry Fabrics’ by United States Patent & Trademark Office. The present invention comprises of an improved wet processing method for producing improved terry fabrics exhibiting enhanced softness, bulk, absorbency, hand-feel, reduced lint loss, improved pile standing ability without use of Poly Vinyl Alcohol (PVA).
With this patent the company will deliver its Eco Twist towels that not only exhibit natural softness, easy dry-ability, quick absorbency with increased thickness and reduced lint loss, but are also sustainable. The grant of this patent by the United States Patent & Trademark 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.
