Is Trident a good penny stock to buy now?

Post Reply
User avatar
RKD
Site Admin
Posts: 15
Joined: Sun May 10, 2020 6:30 pm

Is Trident a good penny stock to buy now?

Post by RKD »

I think Trident is a good bet amongst penny stock. The stock is cheaply priced at only Rs. 4 per share.

In fact, the stock has very good financial condition. It also pays good dividend. The business model of textiles is also good.

I have 20000 shares of Trident and am planning to buy another 1000 shares if I can get it cheaper at about Rs. 3.5. :D

User avatar
siddharth
Posts: 10
Joined: Mon May 11, 2020 12:45 am

Re: Is Trident a good penny stock to buy now?

Post by siddharth »

I agree. I am also holding the stock for a long time. I have 5800 shares.

Saurabh
Posts: 5
Joined: Mon May 11, 2020 10:56 am

Re: Is Trident a good penny stock to buy now?

Post by Saurabh »

Trident is actually speaking not a penny stock.There was a split because of that the stock is now below 10. It is a fundamentally strong company with good prospects that we can add to the portfolio.

Shivarama Karkala
Posts: 18
Joined: Mon May 11, 2020 8:03 pm

Re: Is Trident a good penny stock to buy now?

Post by Shivarama Karkala »

I also have Trident in portfolio. The textiles sector is not doing well at present. However, when the sector improves, the stock will be a rocket :mrgreen:

Shivarama Karkala
Posts: 18
Joined: Mon May 11, 2020 8:03 pm

Re: Is Trident a good penny stock to buy now?

Post by Shivarama Karkala »

Trident is making 10,000 ppe kits and masks per day, with brand name tri-safe, also soon they are going to introduce anti- viral bath and bed linen.

I think it is a solid bet in the penny stocks area.

Shivarama Karkala
Posts: 18
Joined: Mon May 11, 2020 8:03 pm

Re: Is Trident a good penny stock to buy now?

Post by Shivarama Karkala »

Trident reported latest results as follows:

Net Sales at Rs 991.22 crore in March 2020 down 29.58% from Rs. 1,407.59 crore in March 2019.

Quarterly Net Profit at Rs. 40.13 crore in March 2020 down 56.5% from Rs. 92.26 crore in March 2019.

EBITDA stands at Rs. 151.95 crore in March 2020 down 43.1% from Rs. 267.07 crore in March 2019.

Trident EPS has decreased to Rs. 0.08 in March 2020 from Rs. 1.85 in March 2019.

Trident shares closed at 4.90 on May 15, 2020 (NSE) and has given -21.47% returns over the last 6 months and -20.97% over the last 12 months.

User avatar
siddharth
Posts: 10
Joined: Mon May 11, 2020 12:45 am

Re: Is Trident a good penny stock to buy now?

Post by siddharth »

Trident is hovering around 4.5 to 4.8 since weeks. Is there any chance of rising ? Or is it better sell and exit and concentrate on better performing stocks?

User avatar
siddharth
Posts: 10
Joined: Mon May 11, 2020 12:45 am

Re: Is Trident a good penny stock to buy now?

Post by siddharth »

Trident is up 15% today. Looks like stock is gong for UC :). It is going to be huge multibagger :)

User avatar
RKD
Site Admin
Posts: 15
Joined: Sun May 10, 2020 6:30 pm

Re: Is Trident a good penny stock to buy now?

Post by RKD »

siddharth wrote:
Tue Jun 02, 2020 9:50 am
Trident is up 15% today. Looks like stock is gong for UC :). It is going to be huge multibagger :)
Congrats. Trident hit the UC :mrgreen: I have big lot in portfolio.

Shivarama Karkala
Posts: 18
Joined: Mon May 11, 2020 8:03 pm

Re: Is Trident a good penny stock to buy now?

Post by Shivarama Karkala »

Fabulous gains. Trident is up massive 20% today also. Congratulations to all investors. The stock is a true penny stock multibagger.

Post Reply