Trident Ltd Shows Strong Trading Activity and Positive Momentum in Apparel Sector

Trident Ltd, a prominent player in the Garments & Apparels industry, has emerged as one of the most active equities today, with a total traded volume of 58,160,910 shares and a total traded value of approximately Rs 192.51 crores. The stock opened at Rs 32.95, reflecting a gain of 4.5% from the previous close of Rs 31.53, and reached an intraday high of Rs 33.66, marking a 5.9% increase.
Over the past three days, Trident has shown a consistent upward trend, with a cumulative return of 7.34%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to its historical price levels. Notably, the delivery volume on July 24 rose by 41.54% compared to the 5-day average, suggesting increased investor participation.

In terms of liquidity, Trident's stock is deemed liquid enough for a trade size of Rs 0.6 crores, based on 2% of the 5-day average traded value. Overall, Trident Ltd's performance today reflects a robust position within the mid-cap segment of the market, showcasing notable activity and positive momentum.