Why is Trident falling/rising?

Jun 27 2025 09:22 PM IST
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As of 27-Jun, Trident Ltd's stock price is 31.53, down 0.28%, and has recently reversed a trend after five days of gains. Despite positive debt servicing metrics and a short-term gain of 6.59%, the stock has underperformed significantly over the past year and shows low confidence from domestic mutual funds.
As of 27-Jun, Trident Ltd's stock price is currently at 31.53, reflecting a decrease of 0.09 or 0.28%. The stock has recently underperformed its sector by 1.01% and has experienced a trend reversal, falling after five consecutive days of gains. Despite this, Trident is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some positive momentum. The company has shown a strong ability to service debt with a low Debt to EBITDA ratio of 1.30 times and reported positive results after five consecutive negative quarters. However, the stock has generated a return of -17.33% over the past year, despite a 6.5% increase in profits, which reflects a high PEG ratio of 6.7 and suggests that the stock may be undervalued compared to its peers.

In the broader market context, Trident's short-term performance over the past week shows a gain of 6.59%, significantly outperforming the Sensex, which increased by only 2.00%. However, the stock's longer-term performance has been poor, with a decline of 5.71% year-to-date and a substantial underperformance against the benchmark over the last three years. This consistent underperformance, coupled with low domestic mutual fund holdings at only 0.38%, indicates a lack of confidence in the stock's future growth potential, which may contribute to its current price decline.
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