From Rs 14 to Rs 60: This stock has delivered 328 per cent returns in a year!

This penny stock from the textile industry has turned into a multibagger

Trident Ltd, a vertically integrated textile and paper manufacturer has multiplied shareholders’ wealth by more than 4.28 times. If you had invested Rs 1 lakh in the stock on February 9, 2021, when the stock was trading at around Rs 14, it would have been worth Rs 4.28 lakh as of February 9, 2022. The exceptional upside in this penny stock has made the stock trending.  

In Q3FY22, revenue grew by 51.94 per cent YoY to Rs 1980.01 crore from Rs 1303.15 crore in Q3FY21. On a sequential basis, the top-line was up by 17.05 per cent. PBIDT (exclusive of other income) was reported at Rs 406.06 crore, up by 69.77 per cent YoY and the corresponding margin was reported at 20.51 per cent, expanding by 216 basis points YoY. PAT was reported at Rs 211.09 crore, up by 88.22 per cent from Rs 112.15 crore in the same quarter for the previous fiscal year. The PAT margin stood at 10.66 per cent in Q3FY22 expanding from 8.61 per cent in Q3FY21. 

Trident Ltd is a flagship company of the Trident Group, which is and is one of the largest players in the home textile space in India. The stock has a 52-week high and low of Rs 70.90 and Rs 13.15, respectively.