TRIDENT - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 2.7
| Stock Code | TRIDENT | Market Cap | 12,038 Cr. | Current Price | 23.7 ₹ | High / Low | 34.6 ₹ |
| Stock P/E | 29.7 | Book Value | 9.04 ₹ | Dividend Yield | 2.11 % | ROCE | 9.45 % |
| ROE | 8.18 % | Face Value | 1.00 ₹ | DMA 50 | 25.3 ₹ | DMA 200 | 27.6 ₹ |
| Chg in FII Hold | 0.11 % | Chg in DII Hold | 0.04 % | PAT Qtr | 42.3 Cr. | PAT Prev Qtr | 92.4 Cr. |
| RSI | 44.6 | MACD | -0.82 | Volume | 1,38,57,941 | Avg Vol 1Wk | 3,49,15,159 |
| Low price | 22.0 ₹ | High price | 34.6 ₹ | PEG Ratio | -1.26 | Debt to equity | 0.34 |
| 52w Index | 13.4 % | Qtr Profit Var | -45.8 % | EPS | 0.80 ₹ | Industry PE | 20.3 |
📊 TRIDENT shows weak-to-moderate potential for swing trading. While the fundamentals are fair with EPS (0.80 ₹), ROE (8.18%), and ROCE (9.45%), profitability is low compared to peers. Technical indicators are weak: RSI at 44.6 suggests neutral momentum, MACD (-0.82) signals bearish crossover, and the current price (23.7 ₹) is below both the 50 DMA (25.3 ₹) and 200 DMA (27.6 ₹). The stock has corrected significantly from its high of 34.6 ₹, and quarterly PAT dropped sharply from 92.4 Cr. to 42.3 Cr. Despite this, dividend yield (2.11%) and PEG ratio (-1.26) provide some cushion.
✅ Optimal Entry Price: Around 22.5–23.5 ₹ (near support levels).
🚪 Exit Strategy: If already holding, consider exiting near 25–26 ₹ (50 DMA resistance) unless strong reversal occurs.
🌟 Positive
- Dividend yield of 2.11% adds investor appeal.
- Book value of 9.04 ₹ provides downside cushion.
- FII holdings increased slightly (+0.11%), showing marginal foreign investor confidence.
- Debt-to-equity ratio of 0.34 is manageable.
⚠️ Limitation
- Low EPS (0.80 ₹) and weak profitability metrics.
- Stock trades below both 50 DMA and 200 DMA, signaling bearish trend.
- MACD indicates bearish momentum.
- PEG ratio (-1.26) suggests poor growth prospects.
📰 Company Negative News
- Quarterly PAT dropped sharply from 92.4 Cr. to 42.3 Cr.
- Quarterly profit variation is negative (-45.8%).
- Stock corrected significantly from its high of 34.6 ₹.
📈 Company Positive News
- Dividend yield of 2.11% provides some investor confidence.
- Marginal increase in FII (+0.11%) and DII (+0.04%) holdings.
- Strong trading volumes ensure liquidity for swing trades.
🏭 Industry
- Industry PE is 20.3, lower than TRIDENT’s 29.7, suggesting overvaluation compared to peers.
- Textiles sector faces margin pressures but remains supported by export demand.
🔎 Conclusion
TRIDENT is a weak candidate for swing trading due to poor profitability and bearish technicals. Short-term traders may attempt entries near 22.5–23.5 ₹ with strict stop-losses, targeting 25–26 ₹. Risk remains high, but dividend yield and liquidity provide limited support for potential short-term recovery.