TRIDENT - Swing Trade Analysis with AI Signals
Back to ListSwing Trade Rating: 3.4
| Stock Code | TRIDENT | Market Cap | 14,921 Cr. | Current Price | 29.3 ₹ | High / Low | 34.6 ₹ |
| Stock P/E | 33.8 | Book Value | 9.04 ₹ | Dividend Yield | 1.71 % | ROCE | 9.45 % |
| ROE | 8.18 % | Face Value | 1.00 ₹ | DMA 50 | 26.8 ₹ | DMA 200 | 28.6 ₹ |
| Chg in FII Hold | 0.11 % | Chg in DII Hold | 0.04 % | PAT Qtr | 92.4 Cr. | PAT Prev Qtr | 139 Cr. |
| RSI | 69.4 | MACD | 0.22 | Volume | 3,40,92,011 | Avg Vol 1Wk | 2,51,59,721 |
| Low price | 23.1 ₹ | High price | 34.6 ₹ | PEG Ratio | -1.43 | Debt to equity | 0.34 |
| 52w Index | 53.7 % | Qtr Profit Var | 10.7 % | EPS | 0.87 ₹ | Industry PE | 19.2 |
📊 TRIDENT shows moderate fundamentals with decent dividend yield and strong trading liquidity. However, profitability ratios are weak, valuations are stretched compared to industry PE, and technical indicators suggest limited upside. It is a cautious candidate for swing trading, suitable mainly for short-term momentum plays.
✅ Optimal Entry Price: Around 27–28 ₹ (near support close to 200 DMA)
🚪 Exit Strategy: If already holding, consider exiting near 32–33 ₹ (resistance zone below 52-week high of 34.6 ₹).
Positive
- Dividend yield of 1.71% provides steady returns.
- Strong liquidity with high trading volume above weekly average.
- Minor increase in FII (+0.11%) and DII (+0.04%) holdings shows cautious institutional support.
- Stock trading above both 50 DMA (26.8 ₹) and 200 DMA (28.6 ₹), showing short-term strength.
Limitation
- ROCE (9.45%) and ROE (8.18%) are weak, reflecting low efficiency.
- EPS of 0.87 ₹ is modest, limiting earnings power.
- High P/E (33.8) compared to industry PE (19.2), suggesting overvaluation.
- PEG ratio of -1.43 indicates poor growth relative to valuation.
- RSI at 69.4 is near overbought territory, limiting upside potential.
Company Negative News
- Quarterly PAT declined (92.4 Cr vs 139 Cr), showing earnings pressure.
- Profit variation of 10.7% highlights volatility in performance.
Company Positive News
- Dividend yield remains attractive compared to peers.
- Liquidity is strong, supporting short-term trading opportunities.
Industry
- Industry PE at 19.2 is lower, highlighting TRIDENT’s premium valuation.
- Textiles sector faces cyclical demand but benefits from export opportunities.
Conclusion
⚖️ TRIDENT offers limited swing trading potential with entry near 27–28 ₹ and exit near 32–33 ₹. While liquidity and dividend yield provide support, weak profitability ratios and stretched valuations warrant caution. Best suited for short-term traders seeking modest gains.