CRISIL has assigned its 'CRISIL AA-/Stable/CRISIL A1+' ratings to the bank facilities and commercial paper programme of Trident Limited (Trident).
The rating reflects Trident's diversified revenue profile with leading market position in the home textiles segment, strong operating efficiency in the paper and home textiles segments driven by high integration, and adequate and improving financial risk profile. These strengths are partially offset by exposure to volatility in cotton prices and fluctuations in forex rates, working capital-intensive operations, susceptibility to slowdown in the end-user market and competition in the home textiles industry.
Shares of TRIDENT LTD. was last trading in BSE at Rs.60.85 as compared to the previous close of Rs. 60.4. The total number of shares traded during the day was 21566 in over 197 trades.
The stock hit an intraday high of Rs. 61.4 and intraday low of 60.3. The net turnover during the day was Rs. 1311966.