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    HomeNewsBusinessStocksBuy Trident; target of Rs 91: IDBI Capital

    Buy Trident; target of Rs 91: IDBI Capital

    IDBI Capital is bullish on Trident has recommended buy rating on the stock with a target price of Rs 91 in its research report dated 14 August 2017.

    August 23, 2017 / 17:13 IST
       
       
      26 Aug, 2025 12:21
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      IDBI Capital's research report onTrident

      Trident’s Q1FY18 EBITDA margin was better than our estimates; however, sales growth was slightly below forecast on lower than expected towel volumes. Trident’s sales stood at Rs12,785 mn (-7.1% QoQ, + 3.7% YoY). Nevertheless, EBITDA margin was ~300 bps above our estimate at 21.8% (+209bps QoQ, -27 bps YoY) on stronger-than-expected margins in Paper business.

      Outlook

      We revise our target price from Rs103 to Rs91 valuing the stock at 9.0x FY19 earnings. Maintain BUY.

      For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      first published: Aug 23, 2017 05:13 pm

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