Tri­dent Ltd

Money Times - - Muhurat Picks -

(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.

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