Trading Activity and Volume Analysis
On 4 February 2026, Trident Ltd (symbol: TRIDENT) emerged as one of the most actively traded stocks by volume on the Indian equity markets. The total traded volume reached 1,04,21,584 shares, translating to a traded value of approximately ₹30.64 crores. This volume represents a significant spike compared to the stock’s average daily volumes, with delivery volume on 3 February soaring by 473.2% to 1.87 crore shares against the five-day average delivery volume.
The stock opened at ₹29.00, touched a high of ₹29.84, and closed near the day’s peak at ₹29.46, marking a 2.30% gain from the previous close of ₹28.71. This price movement outpaced the Garments & Apparels sector’s 1.36% gain and the Sensex’s modest 0.23% rise, underscoring Trident’s relative strength in the current trading session.
Technical and Trend Indicators
Trident’s price action is supported by its position above all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — indicating a sustained upward momentum. The stock has recorded consecutive gains over the past two days, delivering a cumulative return of 14.35% during this period. Such a trend suggests growing investor confidence despite the recent downgrade in its Mojo Grade from 'Hold' to 'Sell' on 11 August 2025.
Liquidity remains robust, with the stock’s traded value comfortably supporting trade sizes up to ₹1.29 crores based on 2% of the five-day average traded value. This liquidity profile favours institutional participation and reduces execution risk for larger orders.
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Fundamental and Market Cap Context
Trident Ltd operates within the Garments & Apparels industry, classified as a small-cap stock with a market capitalisation of ₹14,636 crores. Despite its size, the company’s recent trading activity has attracted significant attention, partly due to its improving price momentum and volume dynamics.
However, the MarketsMOJO Mojo Score of 45.0 and a Mojo Grade of 'Sell' reflect underlying concerns about the stock’s fundamentals or valuation metrics. The downgrade from 'Hold' to 'Sell' in August 2025 signals a reassessment of the company’s prospects, possibly influenced by sector headwinds or company-specific challenges.
Accumulation and Distribution Signals
The surge in delivery volume and sustained price gains over consecutive sessions suggest accumulation by investors. Rising investor participation, as evidenced by the 473.2% increase in delivery volume on 3 February, points to strong buying interest rather than speculative trading. This accumulation phase is often a precursor to further price appreciation if supported by positive earnings or sectoral tailwinds.
Nevertheless, the mixed signals from the Mojo Grade downgrade and the relatively moderate Mojo Score indicate caution. Investors should weigh the technical strength against fundamental concerns before committing fresh capital.
Sector and Market Comparison
Trident’s outperformance relative to the Garments & Apparels sector and the Sensex on 4 February highlights its current market leadership within its peer group. While the sector gained 1.36%, Trident’s 2.75% one-day return demonstrates its ability to capture investor interest amid broader market fluctuations.
This relative strength is particularly notable given the small-cap nature of the stock, which typically entails higher volatility and risk. The stock’s ability to maintain gains above all major moving averages further reinforces its technical resilience.
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Investor Takeaways and Outlook
Trident Ltd’s recent trading activity presents a nuanced picture for investors. The exceptional volume surge and price momentum suggest growing market interest and potential accumulation by institutional players. The stock’s ability to outperform its sector and maintain levels above key moving averages is a positive technical indicator.
However, the downgrade to a 'Sell' rating and a modest Mojo Score caution investors to remain vigilant. Fundamental challenges or valuation concerns may temper the stock’s upside potential in the near term. Investors should monitor upcoming earnings releases, sector developments, and broader market conditions to better gauge the sustainability of the current rally.
Given the stock’s liquidity profile and active trading, it remains a viable candidate for tactical trades or short-term positions, provided risk management strategies are employed.
Conclusion
Trident Ltd’s high-volume trading day on 4 February 2026 underscores the dynamic interplay between technical strength and fundamental caution. While the stock’s price action and volume metrics indicate robust investor interest, the recent downgrade and moderate Mojo Score highlight the need for careful analysis before investment decisions. Market participants should balance these factors to navigate the evolving landscape of the Garments & Apparels sector effectively.
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