Trident Faces Mixed Technical Signals Amid Modest Long-Term Growth Prospects
Trident, a midcap player in the Garments & Apparels industry, has experienced a recent adjustment in its evaluation score, reflecting a shift in technical trends. Despite a positive Q4 FY24-25 financial performance, the company's long-term growth has been modest, with consistent underperformance against benchmark indices.
Trident, a midcap player in the Garments & Apparels industry, has recently undergone an adjustment in its evaluation score. This revision reflects a shift in technical trends, moving from a sideways pattern to a mildly bearish outlook. The stock's performance indicators reveal a mixed technical landscape. The MACD shows a bullish signal on a weekly basis but turns bearish on a monthly scale. Meanwhile, the Relative Strength Index (RSI) indicates no significant signals for both weekly and monthly periods. Bollinger Bands present a mildly bullish stance weekly, contrasting with a bearish monthly view. Daily moving averages lean towards a mildly bearish trend, while the KST shows bullish weekly momentum but bearish monthly performance.
Despite a positive financial performance in Q4 FY24-25, Trident's long-term growth has been modest, with net sales growing at an annual rate of 8.13% and operating profit at 1.24% over the past five years. The company has also faced consistent underperformance against benchmark indices over the last three years.
Trident's market position remains significant, holding a 6.20% share of its sector with annual sales of Rs 6,987.08 crore. The company has a low Debt to EBITDA ratio of 1.30 times, indicating a strong ability to service its debt.
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