May 24, 2016 06:18 PM IST | Source: Moneycontrol.com
Buy Trident; Target Rs 60: Dynamic Levels
Dynamic Level's is bullish on Trident has recommended buy rating on the stock with a target price of Rs 60 in its research report dated May 24, 2016.
Dynamic levels research report on Trident
Trident Ltd is the flagship company of Trident Group, a USD 1 billion Indian business conglomerate and a global player. Headquartered in Ludhiana, Punjab, Trident is the world’s largest terry towel and wheat straw based paper manufacturer. With the establishment of the state-of-the-art manufacturing processes and systems coupled with appropriate human capital and credentials, Trident has frequently received accolades from its patrons in recognition for delivering high quality standards and for its customer-centric approach.
The Company operates in 2 major business segments: Home Textiles and Paper with its manufacturing facilities located in Punjab and MP. Trident’s has customers in more than 100 countries across 6 continents and comprises of global retail brands like Ralph Lauren, JC Penney, IKEA, Target, Wal-Mart, Macy's, Kohl's, Sears, Sam's Club, Burlington, etc. With export turnover accounting for about 30% of total sales of the Company, Trident Group has emerged as one of the world’s largest integrated home textile manufacturer.
We recommend BUY in Trident India @ 45 with the Target of 110 as Trident India is the World’s Largest Manufacturer of Integrated Home textile and Wheat Straw based Paper.
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