Trident Ltd Sees Surge in Trading Activity Amid Sector Underperformance

Trident Ltd, a prominent player in the Garments & Apparels industry, has emerged as one of the most active stocks today, with a total traded volume of 41,968,662 shares and a total traded value of approximately Rs 136.86 crores. The stock opened at Rs 29.60 and reached a day high of Rs 34.62, while the day low was recorded at Rs 28.87. As of the latest update, the last traded price (LTP) stands at Rs 33.29.
Despite this activity, Trident's performance today has underperformed its sector by 1.09%, with a 1-day return of -1.37%. In comparison, the sector and the Sensex reported returns of -0.80% and -0.85%, respectively. However, Trident is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its longer-term performance metrics.

Investor participation has notably increased, with a delivery volume of 1.57 crore shares on May 21, reflecting a significant rise of 347.57% against the 5-day average delivery volume. The stock's liquidity remains robust, accommodating trade sizes of Rs 0.18 crore based on 2% of the 5-day average traded value. Overall, Trident Ltd continues to demonstrate active trading dynamics within the mid-cap segment of the market.