Trident share price: Buy Trident, target price Rs 19: Motilal Oswal

Motilal Oswal has buy call on Trident with a target price of Rs 19. The current market price of Trident Ltd. is Rs 14.78.

Trident Ltd., incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 7592.97 Crore) operating in Textiles sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 1303.15 Crore, up 11.00 % from last quarter Sales of Rs 1173.98 Crore and up 14.76 % from last year same quarter Sales of Rs 1135.59 Crore Company reported net profit after tax of Rs 112.15 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 73 per cent stake in the company as of Dec 30, 2020, while FIIs held 3.6 per cent, DIIs 0.9 per cent and public and others 22.5 per cent.



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