In-house buyer

Trident promoter Rajinder Gupta mops up 1.85 million shares worth ₹110 million

Most leading textile companies including Trident faced severe headwind in FY18 due to hike in raw material price, delayed recovery from GST and currency volatility. Trident’s FY18 standalone sales were stagnant with year-on-year sales dropping 7% in Q4FY18. Apart from the muted performance in the home textile business, realisations were flat even in the paper and chemical division. With the company logging weak numbers, the stock lost 46% to hit Rs.56 from its all-time high of Rs.104 in October last year.