Intraday Performance and Market Context
On the trading day, Trident Ltd (EQ series) opened with a substantial gap-up of 19.97%, reflecting immediate bullish sentiment. The stock touched an intraday high of ₹30.94, marking a 19.97% increase from its previous close, before settling at ₹28.39. The price band for the day was ₹20, with a low of ₹28.30, underscoring the stock’s high volatility and dynamic price movement.
Trading volumes were robust, with a total traded volume of approximately 2.13 crore shares, translating to a turnover of ₹62.01 crore. Despite this, delivery volumes declined by 21.02% compared to the five-day average, indicating that while speculative trading surged, actual investor participation in terms of holding shares was somewhat subdued.
Sector and Benchmark Comparison
The Garments & Apparels sector, to which Trident Ltd belongs, gained 8.68% on the same day, while the broader Sensex index rose by 2.55%. Trident’s 10.08% gain outperformed both the sector and the benchmark, signalling strong relative strength. This outperformance followed two consecutive days of decline, marking a clear trend reversal and renewed investor confidence in the stock.
Technically, the stock traded above its 5-day, 20-day, 50-day, and 100-day moving averages, though it remained below the 200-day moving average. This suggests a short- to medium-term bullish momentum, tempered by longer-term resistance levels.
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Regulatory Freeze and Unfilled Demand
Following the sharp price rise, trading in Trident Ltd was halted due to the upper circuit limit being hit, a regulatory mechanism designed to curb excessive volatility. This freeze reflects the maximum permissible daily price movement of 10.08%, which the stock reached, preventing further upward trading for the day.
The freeze also highlights significant unfilled demand, as buy orders continued to accumulate beyond the circuit limit. This pent-up demand often signals strong investor conviction and can lead to further price appreciation once trading resumes, provided market conditions remain favourable.
Mojo Score and Analyst Ratings
Despite the impressive intraday performance, Trident Ltd’s mojo score stands at 43.0, categorised as a ‘Sell’ grade as of 11 Aug 2025, downgraded from a previous ‘Hold’. This reflects concerns over the company’s fundamentals or valuation metrics relative to peers. The market cap grade is 3, indicating a small-cap status with moderate liquidity and market presence.
Investors should weigh the strong technical momentum against the fundamental caution signalled by the mojo downgrade. The stock’s liquidity is adequate for trades up to ₹0.7 crore based on 2% of the five-day average traded value, ensuring reasonable ease of entry and exit for medium-sized investors.
Volatility and Price Action Insights
Trident Ltd exhibited high intraday volatility of 5.78%, calculated from the weighted average price, reflecting active trading and price swings. Notably, the weighted average price was closer to the day’s low, suggesting that while the stock hit a high of ₹30.94, a significant volume of trades occurred nearer to ₹28.30, indicating some profit booking or cautious buying at elevated levels.
This pattern is typical in stocks hitting upper circuits, where speculative interest drives prices up rapidly, but some investors lock in gains, creating a price range within the band.
Outlook and Investor Considerations
Trident Ltd’s upper circuit hit and strong volume activity signal renewed investor interest and potential for further gains in the near term. However, the downgrade in mojo grade and the stock’s small-cap status warrant a cautious approach. Investors should monitor upcoming corporate developments, sector trends, and broader market conditions before committing fresh capital.
Given the stock’s recent trend reversal and outperformance relative to the sector and Sensex, short-term traders may find opportunities in momentum plays, while long-term investors should await confirmation of fundamental improvements.
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Company Profile and Market Capitalisation
Trident Ltd operates within the Garments & Apparels industry, a sector that has shown resilience and growth potential amid evolving consumer trends. The company’s market capitalisation stands at ₹14,447.03 crore, categorising it as a small-cap entity. This size offers growth opportunities but also entails higher volatility and risk compared to larger peers.
Investors should consider the company’s position within the sector, competitive landscape, and financial health when analysing its stock performance and potential.
Summary
In summary, Trident Ltd’s stock hitting the upper circuit on 3 Feb 2026 highlights strong buying pressure and market optimism, supported by significant volume and sector outperformance. The regulatory freeze underscores unfilled demand and investor eagerness, while the mojo downgrade advises caution. Balancing these factors will be key for investors navigating this dynamic stock.
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