Trident lost 5.03% to Rs 65.10 at 09:31 IST on BSE after net profit dropped 48.95% to Rs 50.88 crore on 9.99% fall in total income to Rs 1182.11 crore in Q4 March 2018 over Q4 March 2017.
The result was announced after market hours yesterday, 7 May 2018.Meanwhile, the S&P BSE Sensex was up 117.60 points, or 0.33% at 35,325.74.
On the BSE, 49,000 shares were traded on the counter so far as against the average daily volumes of 67,000 shares in the past two weeks. The stock had hit a high of Rs 66.85 and hit a low of Rs 63.75 so far during the day. The stock had hit a record high of Rs 109.50 on 20 September 2017. The stock had hit a 52-week low of Rs 59.05 on 28 March 2018.
The mid-cap company has equity capital of Rs 509.60 crore. Face value per share is Rs 10.
Rajinder Gupta, Chairman at Trident Group said that home textile industry faced headwinds and was the stress test for the companies in the year ended 31 March 2018. Recent participation in the home textile exhibitions held in US and UK, saw encouraging response from global buyers and customers.
Trident is vertically integrated textile (yarn, bath & bed linen) and paper (wheat straw-based) manufacturer and is one of the largest players in home textile space in India.
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