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Trident Limited is an Indian textile company headquartered in Mumbai, Maharashtra. The company is one of the leading manufacturers of yarn, fabrics, and garments in India.
The Trident share price has been on a bull run in recent years, rising from around ₹100 per share in 2017 to ₹150 per share as of August 2023. This is due to a number of factors, including the company’s strong financial performance, its focus on exports, and the growth of the Indian textile industry.
There are a number of factors that could affect the Trident share price in 2023. These include:
- The company’s financial performance: Trident is expected to report strong financial results for the financial year 2022-23. This could boost the share price.
- The growth of the Indian textile industry: The Indian textile industry is expected to grow at a healthy pace in 2023. This could also boost the Trident share price.
- The company’s focus on exports: Trident is expanding its exports business. This could help to improve the company’s profitability.
Based on these factors, some analysts have forecast the Trident share price to reach ₹175-185 per share in 2023.
In 2024, the Trident share price could be further boosted by the company’s plans to invest in new businesses, such as sustainable textiles and e-commerce. The company is also expected to benefit from the growth of the digital economy.
Some analysts have forecast the Trident share price to reach ₹200-225 per share in 2024.
By 2025, Trident is expected to be a leading player in the Indian textile industry. The company is also expected to benefit from the growth of the Indian middle class.
Some analysts have forecast the Trident share price to reach ₹250-275 per share in 2025.
In the long term, Trident is expected to continue to grow and become a global leader in the textile industry. The company’s share price could reach ₹300-350 per share by 2027.
By 2030, Trident could be one of the world’s most valuable textile companies. The company’s share price could reach ₹400-450 per share by then.
The Trident share price is expected to continue to grow in the coming years. The company is well-positioned to benefit from the growth of the Indian textile industry and the global economy. However, it is important to remember that the stock market is volatile and there is no guarantee that the Trident share price will always go up in value.