(BSE Code: 521064) (CMP: Rs.66.90) (FV: Rs.10)
Trident Ltd, the flagship company of the Trident group, is a leading manufacturer of yarn, bath linen, bed linen, wheat straw-based paper, chemicals and captive power. During H1FY19, it reported 20% higher PAT of Rs.168.35 crore on 10% higher sales of Rs.2522.7 crore. The stock trades at a P/E of just 11.66x. We expect the company to continue its strong performance in H2FY19 also. Therefore, we recommend this stock for a price target of Rs.95.