Trident accredited with CEA's Gold Seal
Shital Jibhe / 23 Jan 2017
Trident, a well-known textile player, would be the stock to watch out for in January 23 trading session. The Cotton Egypt Association has accredited the company with its coveted ‘Gold Seal’ for Trident’s yarn and terry towel products.
Trident, a well-known textile player, would be the stock to watch out for in January 23 trading session. The Cotton Egypt Association has accredited the company with its coveted ‘Gold Seal’ for Trident’s yarn and terry towel products. It has achieved certification after exhaustive DNA testing of the company’s products.
Trident’s management is delighted after getting the most admirable certification. The company is also looking for building trust for the brand through an innovative excellence as well as strong emphasis on customer centrality.
The share price of Trident increased 6.51 per cent on the bourses in early trade and is trading at Rs 65.5 on an intra-day basis. It has given 39.29 per cent return to shareholders in the last one year and outperformed the Small-cap index. The stock is trading with a PE multiple of 10.75.
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