Low Price Stock To Watch: Only buyers in this Low Price Textile stock as it declares outstanding results

The textile stocks rallied on Thursday even as few of the textile companies gained owing to excellent quarterly results. Trident is one such low priced textile stocks that declared outstanding results. Faze3 and Amarjyothi are the other textile stocks that reported positive results.

Following are the highlights of the results : - 

1. Revenue at Rs 1485 Cr Vs Rs 714 Cr 
2. PBT at Rs 275 Cr Vs 13 Cr , Q4 PBT at 97 Cr
3. PAT at Rs 207 Cr Vs Rs 10 Cr, Q4 PAT at Rs 76 Cr
4. Q1 EPS at Rs 0.41, Q4FY21 EPS of Rs 0.15 while Q1FY21 EPS was Rs 0.01. 
5. Excellent performance from the home textile segment 

The share price of Trident closed higher by nearly 5 per cent at Rs 20.50 per share on Thursday. Trident share price gained by more than 14 per cent in one month while in one year the share price of Trident jumped by more than 203 per cent. In 2021 alone Trident is up by more than 90 per cent. 

Trident Limited, the flagship company of the Trident Group, is a leading manufacturer of yarn, Bath Linen, Bed Linen and wheat straw-based paper, Chemicals and Captive Power.