Textile stock under Rs 40 in focus after Trident Group reinforces its commitment to growth, investment and employment in the textile sector
The stock is up by 23 per cent from its 52-week low of Rs 31.06 per share and gave multibagger returns of over 1,300 per cent in a decade.
Trident Group Chairman Shri Rajinder Gupta participated in Invest Madhya Pradesh: Regional Industry Conclave held at Narmadapuram. Hon’ble Chief Minister of Madhya Pradesh, Dr Mohan Yadav held important discussions with Trident Group Chairman Shri Rajinder Gupta in a one‐to‐one meeting on the possibilities of investment and industrial expansion in the textile sector.
Later while addressing the gathering at the Regional Industry Conclave, Shri Rajinder Gupta expressed his gratitude to the Madhya Pradesh government, he highlighted Trident's remarkable journey in the state. “We ventured into Madhya Pradesh a few years ago and invested Rs 5,000 crore. Today, our finished products from Madhya Pradesh are exported to 122 countries, with demand continually rising,” he shared.
Looking ahead, Shri Gupta announced Trident Group’s plans to invest an additional Rs 3,000 crore in the state’s textile sector which will expand employment opportunities here at Trident Group from the current 12,000 to over 15,000.
“We are committed to ensuring that the benefits of our operations stay within Madhya Pradesh, from sourcing cotton to producing finished goods. The state is an ideal confluence of sustainability, inclusive growth, and green energy, with immense potential for solar and wind energy development,” Shri Gupta said. He also emphasized Trident’s focus on skill development and women empowerment, with 50 per cent of new employment opportunities reserved for women.
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Praising the Chief Minister’s visionary leadership, Shri Gupta noted that fostering collaboration between intellectuals and industrialists has energized innovation and regional development. This initiative reinforces Madhya Pradesh’s reputation as a hub for sustainable industrial growth and inclusive progress, further cementing its appeal to investors worldwide.
About Trident Group:
Trident Limited is the flagship company of the Trident Group, a leading Indian conglomerate with global operations. Headquartered in Ludhiana, Punjab, Trident Limited is vertically integrated in textiles (yarn, bath & bed linen) and paper (wheat straw‐based) manufacturing. Its products, including towels, yarns, bedsheets, and paper, enjoy global acclaim and cater to millions of customers worldwide. Trident is renowned in India's home textile sector, supplying national, captive, and retailer‐owned brands. The organisation has been honoured with numerous awards for its excellence in product quality, social responsibility, and environmental stewardship. Trident operates world‐class manufacturing facilities in Barnala Dhaula (Punjab) and Budhni (Madhya Pradesh), serving a diverse global clientele.
On Monday, shares of Trident Ltd gained 10.40 per cent to Rs 38.01 per share with an intraday high of Rs 39.26 and an intraday low of Rs 34.42. The stock’s 52-week high is Rs 52.85 and its 52-week low is Rs 31.06. The shares of the company saw a spurt in volume by more than 15.37 times on BSE.
The stock is up by 23 per cent from its 52-week low of Rs 31.06 per share and gave multibagger returns of over 1,300 per cent in a decade. Investors should keep an eye on this textile stock.
Disclaimer: The article is for informational purposes only and not investment advice.