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Stock Report
Trident Group reinforces its commitment to growth, investment, and employment in the textile sector
Posted On : 2024-12-09 14:31:54( TIMEZONE : IST )
Trident Group Chairman Shri Rajinder Gupta participated in Invest Madhya Pradesh: Regional Industry Conclave held at Narmadapuram. Hon'ble Chief Minister of Madhya Pradesh, Dr. Mohan Yadav held important discussions with Trident Group Chairman Shri Rajinder Gupta in a one‐to‐one meeting on the possibilities of investment and industrial expansion in the textile sector.
Later while addressing the gathering at the Regional Industry Conclave, Shri Rajinder Gupta expressed his gratitude to the Madhya Pradesh government, he highlighted Trident's remarkable journey in the state.
"We ventured into Madhya Pradesh a few years ago and invested ₹5,000 crores. Today, our finished products from Madhya Pradesh are exported to 122 countries, with demand continually rising," he shared.
Looking ahead, Shri Gupta announced Trident Group's plans to invest an additional ₹3,000 crores in the state's textile sector which will expand employment opportunities here at Trident Group from current 12,000 to over 15,000.
"We are committed to ensuring that the benefits of our operations stay within Madhya Pradesh, from sourcing cotton to producing finished goods. The state is an ideal confluence of sustainability, inclusive growth, and green energy, with immense potential for solar and wind energy development," Shri Gupta said. He also emphasized Trident's focus on skill development and women empowerment, with 50% of new employment opportunities reserved for women.
Praising the Chief Minister's visionary leadership, Shri Gupta noted that fostering collaboration between intellectuals and industrialists has energized innovation and regional development. This initiative reinforces Madhya Pradesh's reputation as a hub for sustainable industrial growth and inclusive progress, further cementing its appeal to investors worldwide.
Shares of Trident Limited was last trading in BSE at Rs. 34.40 as compared to the previous close of Rs. 34.72. The total number of shares traded during the day was 790167 in over 4764 trades.
The stock hit an intraday high of Rs. 35.02 and intraday low of 34.26. The net turnover during the day was Rs. 27295312.00.
