Moneycontrol Be a Pro
Get App
Last Updated : Oct 01, 2019 05:28 PM IST | Source: Moneycontrol.com

Buy or Sell | Here's why Trident is pick of the week

It will be a big beneficiary on export opportunities from US in wake of escalating US-China trade war.

Moneycontrol News @moneycontrolcom

The RBI MPC meet will be held on October 4. MPC is expected to reduce interest rates by 25-40 bps. Auto sales numbers are expected to be weak. The latest move by US to consider restricting market access to Chinese companies is likely to escalate the US-China trade war.

Trident is the pick of the week. 80 percent of its sales come from home textiles and rest from paper with EBITDA margin of 20-22% on annual basis. It will be a big beneficiary on export opportunities from US in wake of escalating US-China trade war.

The company is undertaking expansion in yarn segment at Madhya Pradesh at a cost of Rs 140 crore, said Pankaj Bobade, Head of Fundamental Research, Axis Securities.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Oct 1, 2019 05:28 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant
Make every wish come true
10% CashBack on Apparel
10% CashBack on Electronics
Swipe & Win iPhone 11 every hour