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CRISIL assigns fundamental grade ‘3/5’ to Trident

Credit rating agency, CRISIL has assigned the fundamental grade ‘3/5’ to Trident. The grade indicates that the company’s fundamentals are ‘good’ relative to other listed equity securities in India. Moreover, the rating agency has assigned a valuation grade of ‘4/5’ indicating that market price has ‘upside’ from the current levels.

Trident is the largest terry towel and wheat straw based paper manufacturer in the world.

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