If you’ve spent any time looking at the Indian stock market over the last few years, you’ve definitely seen it. That ticker. TRIDENT. It’s the stock that turned regular folks into "crorepatis" during the 2021 bull run when it skyrocketed from single digits to over ₹60. But honestly, the current vibe around the share price of trident ltd is a lot different than those heady days.
As of mid-January 2026, we’re looking at a stock that’s currently hovering around the ₹25 to ₹26 range. It’s basically been stuck in a sideways grind, frustrating the life out of retail investors who bought the "hype" at the top.
But here’s the thing. Is it actually a "bad" stock, or is it just misunderstood?
Most people look at the screen, see a 5% drop over a month, and scream "manipulation!" or "operator game!" In reality, the story is way more technical—and way more interesting—than that. We’re talking about a company that’s trying to transition from a Punjab-based textile house into a global home-lifestyle powerhouse while navigating some of the nastiest global trade headwinds we’ve seen in a decade.
The Reality of the Share Price of Trident Ltd Today
Let’s get the numbers out of the way first. Today, January 16, 2026, the stock closed near ₹25.44. If you look at the 52-week high of roughly ₹34.62, we are down significantly.
Why the slump? Well, the Q2 FY26 results (September 2025) were a bit of a mixed bag. Revenue actually grew—up about 4.6% year-on-year to roughly ₹1,803 crore. That sounds good, right? But the Profit After Tax (PAT) took a massive 35% hit compared to the previous quarter (QoQ), landing at ₹90.93 crore.
Basically, the company is selling more stuff, but it’s costing them more to make and ship it. High raw material costs and a weird spike in expenses (up over 9% QoQ) have eaten into the margins. When margins shrink, investors run. That’s just the law of the Dalal Street jungle.
The Elephant in the Room: US Tariffs and Global Demand
You can’t talk about Trident without talking about the United States. A huge chunk of their revenue comes from exporting towels and bedsheets to big US retailers.
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Recently, there’s been a lot of chatter about the US government tightening the screws on textile imports. Any hint of increased export duties or "anti-dumping" investigations sends a shiver down the spine of the share price of trident ltd. If it gets more expensive for Walmart or Target to buy from Trident, they might look elsewhere.
Trident isn't sitting still, though. They've been trying to pass these costs onto customers through "dynamic pricing," but that’s a tough game to play when you’re competing with cheap exports from Vietnam and Bangladesh.
Breaking Down the Business (It’s Not Just Towels)
Trident is sort of like a three-legged stool. If you only look at the textiles, you’re missing the bigger picture.
- Textiles (The Big Brother): This is the core. Bath linen, bed linen, and yarn. It’s what everyone knows them for.
- Paper (The Cash Cow): They make high-quality copier paper using wheat straw. It’s eco-friendly and actually has much better margins than the textile business sometimes.
- Chemicals: They produce sulfuric acid, which is used in everything from batteries to fertilizers.
When the textile cycle is down, the paper and chemical segments usually provide a bit of a safety net. But right now, even the paper segment is feeling the heat from global pulp price fluctuations.
The ₹2,000 Crore Bet
If the management was scared, they wouldn't be spending. In late 2025, Trident announced a massive ₹2,000 crore expansion plan in Punjab.
Think about that for a second.
They’re putting ₹1,500 crore into Barnala to modernize their paper and towel plants and another ₹500 crore into a new corporate office and training center in Mohali. They’re planning to create 7,500 jobs. This isn't the behavior of a company that thinks its best days are behind it. They are doubling down on "Make in India" for the world.
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Why Analysts Are Still Saying "Buy"
It’s kind of funny. While retail investors on Twitter are complaining about the stock being "dead," several institutional analysts are keeping a "Strong Buy" rating.
The consensus target price among those tracking the stock is around ₹37. That represents a potential upside of over 45% from current levels.
Why so bullish?
- Valuation: At a P/E ratio of roughly 29x, it’s not exactly "cheap," but compared to peers like KPR Mill or Page Industries, it’s a different play.
- Dividends: Trident is a consistent dividend payer. In 2025, they gave out ₹0.50 per share. The yield is around 1.9% to 2%, which is decent for a growth-oriented stock.
- Capacity: Once the new expansions kick in late 2026 and 2027, the volume growth could be massive.
What Most People Get Wrong
The biggest misconception is that Trident is still a "penny stock." It hasn't been a penny stock for years. With a market cap of over ₹12,900 crore, it’s a mid-cap company that moves with the broader market and the textile industry cycle.
People also get caught up in the "Income Tax Search" news from late 2025. While it caused a temporary dip, these things are often part of the territory for large industrial groups in India. Unless a smoking gun is found, the market usually forgets these events within a few quarters.
The "Exit of the CFO" Jitters
On January 2, 2026, the Group CFO, Rahul Roongta, officially resigned. Whenever a high-profile executive leaves, the share price of trident ltd feels it.
However, the company was quick to bring in Manish Bhatia as the new CFO. Continuity is key. If the new leadership can tighten the belt on those rising operating expenses we saw in Q2, the stock could see a "relief rally" fairly soon.
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Is it Time to Buy or Bail?
Look, I’m not your financial advisor, and you should definitely do your own homework. But here’s the nuance:
If you are looking for a stock that will double your money in three weeks, Trident is probably not it. Those days of 10% upper circuits every day are likely gone.
But if you’re a long-term investor who believes in:
- The shift of global textile manufacturing from China to India.
- The resilience of the home-textile market (people always need towels and sheets).
- A company that actually has physical assets and solid revenue (unlike some tech startups).
...then the current dip might look like an opportunity rather than a disaster.
Actionable Insights for Investors
If you're holding or considering the share price of trident ltd, here’s what you need to keep an eye on over the next six months:
- Watch the Margins: Don't just look at the total sales. Check the EBITDA margins in the upcoming Q3 and Q4 results. If they stay below 12%, the stock might stay under pressure.
- Monitor US Cotton Prices: Trident’s raw material costs are heavily tied to cotton. Low cotton prices = better profit for Trident.
- The ₹23 Support Level: Historically, the stock has found a lot of buyers around the ₹23 mark. If it breaks below that, the "technical" picture gets ugly. As long as it stays above ₹23, the long-term uptrend is technically alive.
- Dividend Dates: Watch for the May 2026 dividend announcement. A hike in the dividend would be a massive signal of management confidence.
Trident is a test of patience. It’s a massive tanker trying to turn around in a small harbor. It takes time, but once it finds its direction, it’s hard to stop.
Next Steps:
Check your portfolio allocation. Given its volatility, most experts suggest keeping such mid-cap textile stocks to less than 5% of your total portfolio. You might want to set a price alert for ₹23.50 to see if it hits that historical support before making your next move.