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Trident Ltd is a prominent player in the Indian textile and paper sector, carving a niche for itself as a leader in home textiles, particularly terry towels. Founded in 1990, Trident has successfully established itself as one of the largest manufacturers of terry towels worldwide while also expanding into bed linens and yarns. As of October 17, 2024, the Trident Share Price on the National Stock Exchange (NSE) stands at 35.59 INR. In this article, we will delve deeper into Trident’s financials, market position, competitive landscape, and projected share price targets for the years 2024 through 2030, aiming to provide insights for potential investors and stakeholders.
Trident Ltd: Market Overview
| Open Price: ₹36.40 | High Price: ₹36.40 |
| Low Price: ₹35.42 | Previous Close: ₹36.02 |
| Volume: 8,212,471 | Value (Lacs): ₹2,928.57 |
| VWAP: ₹35.86 | UC Limit: ₹43.22 |
| LC Limit: ₹28.81 | P/E ratio: 53.63 |
| Div yield: 1.52% | 52-wk high: ₹52.90 |
| 52-wk low: ₹32.40 | Mkt cap: ₹17.89K Cr |
| Face Value: ₹1 |
Trident Ltd Competitors
In the competitive landscape of home textiles, Trident faces several formidable rivals. Here’s a comparison of five key competitors along with their approximate market capitalizations:
| Company | Market Capitalization | Description |
|---|---|---|
| Welspun India Ltd | ~$1.3 billion | A global leader in home textiles known for its strong presence in towels, bed linens, and rugs. |
| Indo Count Industries Ltd | ~$350 million | Specializing in bed linens and other home textile products with a significant market presence. |
| Raymond Ltd | ~$1 billion | Known for its textile and apparel business, competing in yarn and fabric segments. |
| Himatsingka Seide Ltd | ~$200 million | Operates in the home textiles space, focusing on bed and bath products. |
| Vardhman Textiles Ltd | ~$2.1 billion | A leading textile player, focusing on yarn and fabric production. |
Trident Share Price Chart
Trident Share Price Target: Tomorrow, 2024 to 2030
| Trident Share Price Target Years | Share Price Target (INR) |
| 2024 | ₹45 |
| 2025 | ₹57 |
| 2026 | ₹73 |
| 2027 | ₹85 |
| 2028 | ₹96 |
| 2029 | ₹108 |
| 2030 | ₹116 |
Trident Share Price Target 2024
The anticipated Trident share price target for 2024 is expected to reach ₹45. Below are the three pivotal factors that could influence this growth:
- Global Demand for Home Textiles: The demand for home textile products, particularly towels and bed linens, is on the rise globally. An increase in demand from target markets such as the U.S. and Europe could significantly elevate Trident’s revenue, thereby boosting its share price in 2024.
- Expansion of Product Lines and Innovation: Trident’s commitment to expanding its product offerings through innovative designs, including eco-friendly alternatives, plays a crucial role in its growth. New product releases targeted at specific market segments will enhance their sales potentials.
- Operational Efficiency and Cost Management: Enhancing operational efficiencies, including cost reductions and effective supply chain management, will be key factors contributing to profitability. Efficient production processes will enable Trident to maintain competitive pricing, improving margins and share price performance.
Trident Share Price Target 2025
The target for Trident’s share price in 2025 is around ₹57. Here are