Trident Shares Deliver Phenomenal Returns Over 10 Years

Shares of Trident Ltd have delivered phenomenal returns of 3,600 percent to investors over the last 10 years.

“If an investor had purchased Rs 10,000 worth of Trident stock 10 years ago and held onto it, the investment would now be worth almost Rs 4 lakh,” an analysis by ET Markets informed.

According to the analysis, the latest surge in price comes on the back of impressive gains over the previous five years, with a remarkable 500 percent hike.

The Rajinder Gupta led Trident currently has a market capitalisation of around Rs 20,000 crore and is into production of textiles, paper and chemicals and a majority of its revenue comes from exports.

Trident reported a 4 percent year on year increase in total income at Rs 3,095 crore in the first six months of the ongoing fiscal, while profits rose 33 percent to total Rs 218 crore.