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Change Change %
0.70 0.99%

Updated:23 Apr, 2018, 15:59 PM IST

Change Change %
0.45 0.63%

Updated:23 Apr, 2018, 16:01 PM IST

Research Report Detail

Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Motilal Oswal
24-08-2017 Buy 86.50 114.00
Open Long (1Y)

Motilal Oswal initiates Trident with buy

Trident is set to deliver CAGR of 9% in revenue and 24% in earnings over FY17-20, driven by revenue CAGR of 44% in bed linen and 12% in bath linen. The recently ventured bed linen segment is expected to turn EBITDA profitable by 3QFY18 as utilization touches 40%. The segment's share in overall revenue should increase from 4% in FY17 to 9% in FY20. After significant capacity expansion in bath linen in FY15, TRID is expected to reap its benefits and witness higher utilization (65% in FY20 v/s 50% in FY17), which would not require further addition of spindles as yarn capacity would be utilized in-house.

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