Mumbai, January 8 (Udaipur Kiran): Shares of Trident surged sharply on the BSE on Thursday after the company received board approval to acquire Mytrident.com as a wholly owned subsidiary.
The stock was trading at ₹27.77, up ₹1.51 or 5.75 per cent from its previous close of ₹26.26. The scrip opened at ₹26.17 and touched an intraday high of ₹28.50 and a low of ₹26.13. More than 53.24 lakh shares were traded during the session.
The BSE Group ‘A’ stock, with a face value of ₹1, has touched a 52-week high of ₹34.60 on May 21, 2025, and a 52-week low of ₹23.20 on April 7, 2025. Over the past week, the stock has moved in the range of ₹26.10 to ₹28.50. The company’s current market capitalisation stands at ₹14,161.66 crore.
Promoters hold a 73.68 per cent stake in the company, while institutional and non-institutional investors own 3.21 per cent and 23.12 per cent respectively.
Trident said it has received approval to acquire Mytrident.com, an unlisted public limited company, as a domestic wholly owned subsidiary. The acquisition is aimed at strengthening brand presence, enhancing brand-building initiatives, and expanding sales and marketing of Trident products in overseas markets, with a particular focus on the United States.
The company said the move will help it respond proactively to changing global trade conditions, mitigate risks, and tap emerging opportunities in international markets. The board of directors approved the acquisition at its meeting held on January 6, 2026.
Trident is engaged in the manufacturing, trading, and sale of textiles, including yarn, terry towels and bedsheets, along with paper and chemicals.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
