Trident share price: The company, a supplier of home textiles to global retailers such as Walmart and Target, seems to be gaining from the stabilisation of input costs and lower expenses.
Stocks to Watch, 25 July: Stocks like Sun Pharma, eClerx Services, Indian Energy Exchange, Anant Raj, REC, Aether Industries, Larsen & Toubro, Torrent Power, Enviro Infra Engineers, GR Infraprojects, and Adani Enterprises will be in focus on July 25.
Stocks to Watch, 2 July: Stocks like HDB Financial Services, Hero MotoCorp, Sambhv Steel Tubes, Lupin, JSW Energy, Asian Paints, RITES, Paras Defence and Space Technologies, Maruti Suzuki India, and Hyundai Motor India will be in focus on July 2
Stocks To Watch, Jan 27: Stocks like Balkrishna Industries, JK Cement, IDFC First Bank, Macrotech Developers, Trident, NTPC Green Energy, CreditAccess Grameen, DCB Bank, Bank of India, Torrent Pharmaceuticals, Godrej Consumer Products, RPP Infra Projects, Refex Industries, and Unichem Laboratories will be in focus on January 27.
GMR Power and Urban Infra, Reliance Power, Pudumjee Paper Products, BL Kashyap and Sons, Allcargo Logistics, Dish TV India, Nippon Life India Asset Management, and Trident will also be in focus on September 19.
BHEL, Metropolis Healthcare, Aether Industries, Eris Lifesciences, GPT Healthcare, Greenply Industries, GSFC, IRCON International, JK Tyre, Laxmi Organic Industries, and PI Industries will release March quarter earnings on May 21.
The market trend may continue to be volatile on Thursday, especially as the interim budget will be delivered.
Trident extended its northward journey for sixth consecutive session. The stock has formed strong bullish candlestick pattern on the daily scale with robust volumes. In fact, the volumes remained healthy in the past four sessions.
Rally in midcaps has left the Street divided. One faction sees a “mad dash” happening in midcaps while the other believes the rally is far from over and the valuations are still catching up. No matter who is right, the fact is most stocks are getting re-rated on a daily basis, i.e., they are seeing their price multiples rising. This means stocks are delivering excess returns disproportionate to their earnings growth, leading to what some term as “froth”. Below are some names that have delivered maximum excess returns in the Nifty Midcap 100 index.