Table of Contents
Greetings, friends! This article will cover Trident share price target earnings estimates for 2022, 2023, 2024, and 2025, as well as the company’s basics and financial results.
Trident Limited, the flagship firm of the Trident Group, is one of the world’s top integrated home textiles manufacturers as well as the largest global wheat straw-based paper manufacturer. The company’s headquarters are in Ludhiana, Punjab. In addition, the company is a major exporter of home textiles.
Trident is the world’s largest producer of yarn, bath and wheat straw-based paper bed linen, and chemicals. The company also entered the bed linen space in 2016, when it opened a factory in Budni, Madhya Pradesh. Trident has a presence in over 140+ countries throughout the world.
The company, which was founded in 1990, is still growing under the creative leadership of its chairman, Mr Rajinder Gupta, 1st generation entrepreneur.
It is among the world’s largest towel makers, as well as one of the world’s biggest agro-based paper manufacturers and one of India’s leading yarn producers.
The management of the company is divided into four main parts. For example Yarns, Terry Towels, Paper, and Chemicals
Trident company fundamental Analysis
Trident Ltd. was founded in the year 1990. The share price is 54.7. Its current market cap is Rs 27874.88 crore. In the current sector, the company reported sales figures of Rs. 45150 .nine crores and the ability to generate profits of Rs. 45479.4 crores.
It is traded on the BSE under the BSE code 521064, the NSE under the NSE symbol TRIDENT, and the ISIN code INE064C01022.
Trident company Share Price forecast
The aim I set for you for any given year is based on technical analysis. In technical analysis, we use an increasing number of components to reach our goal. This is based on the present trend; however, the trend and performance may change in the future.
In this post, I’ll tell you the Trident share price target stock in 2022, 2023, 2024, and 2025. Please read the entire article.
Trident Share Price Target For 2022
Trident’s stock has increased at a compound annual growth rate of 16 per cent in the past week, 19 per cent in the last month, 133 per cent in the last three months, 169 per cent in the last six months, and 488 per cent in the last year. Trident has provided investors with multi-bagger returns, and the company will continue to do so in the future.
Trident gets 84 per cent of its revenue from the textile sector.
The textile industry alone contributes to 12% of Indian exports, 7% of total industrial output, and 2.3 per cent of the country’s GDP. It also accounts for 5% of the worldwide textile and apparel trade.
Trident has set a target price of 64 rupees for its stock in 2022. This is the primary objective for 2022, and it has a very possible chance to become reality.
Trident Share Price Target For 2023
We recommend holding Trident for the long – term. Because the basics, financials, and management of the company are all quite good. Trident has a strong brand portfolio in the textile sector, and it continued to invent and file patents every year to keep ahead of the competition.
In 2020, the global textile market is expected to be worth USD 595.1 billion. The market is estimated to reach USD 657.7 billion in 2021, growing at a 6% CAGR to USD 821.7 billion by 2025, as enterprises restructure their operations and recover from the COVID-19 impact.
Trident’s share price target for 2023 is Rs 74, based on all of the following prospects and development prospects for the business to develop its future business.
Trident Share Price For 2024
If you buy stocks in the trident stock now, you will almost certainly obtain a nice return in the long run. Trident also sells its items to e-commerce companies such as Amazon, and Walmart. Because the Trident company is affiliated with so many huge companies like Walmart, and Amazon, the company’s business will grow in the coming days and the share price will undoubtedly rise in the coming years.
According to our study, the trident share value will hit 95 rupees in 2024 as the first target, and 115 rupees as the second aim.
Trident Share Price For 2025
Over the next five years, India’s government hopes to reach a goal of $100 billion in textile exports. Trident earns 70 per cent of its revenue from exports alone; the government’s plan will boost Trident’s export revenue even more.
Trident has a large presence in the United States and the United Kingdom; if the government helps textile exports, trident’s business will grow in other places as well. Trident’s share price objective for 2025 will rise as a result of this.
As one of the world’s largest vertically integrated firms in the home textile industry, the company has a unique position.
Trident is a well-known firm with a diverse product line and unrivaled design skills. Increased exports have helped the segment gain a lot of traction. Trident’s stock value forecast for 2025 is Rs 164, based on all of these factors.
Conclusion
We have provided a fundamental and technical analysis of Trident as well as earnings estimates for Trident shares in 2022, 2023, 2024, and 2025 in this post.
Trident may not always achieve our target price, but one thing is certain: the company is fundamentally and fiscally sound. As a result, trident may hit the share price objective sooner than we predicted or later than we expected.
If you are confident in the firm and its business, retain it for the long run.
