Trident Ltd. Price Analysis (as of May 23, 2025)

#### **Current Price and Recent Movement**
- **Latest Price:** ₹32.11 (down 2.32% from the previous close)[1].
- **1-Week Return:** +9.29%
- **1-Month Return:** +9.11%
- **1-Year Return:** -15.39%
- **3-Year Return:** -32.89%[1]

#### **Technical Analysis**
- **Buy Signal:** A 200-day moving average crossover occurred on May 21, 2025. Historically, this signal has led to an average gain of 6.61% within 30 days[1].
- **Momentum Indicators:**
- **RSI:** 62.17 (shows moderate bullish momentum)[5]
- **MACD:** 0.535 (bullish signal)[5]
- **Stochastic:** 75.40 (approaching overbought zone)[5]
- **Supertrend:** 26.03 (bullish)[5]
- **ROC:** 10.87 (positive momentum)[5]
- **Analyst Sentiment:** 100% of analysts currently recommend a "Buy" with an average target price of ₹38, indicating a potential upside of ~15.6%[2].

#### **Fundamental Overview**
- **P/E Ratio:** 44.50–45.65 (well below the industry average of 126.09, but still high relative to earnings growth)[1][2][4]
- **Price-to-Book Ratio:** 3.62–3.88[1][4]
- **Dividend:** Announced ₹0.5 per share (record date: May 27, 2025)[1].
- **Net Profit Margin:** 5.78% (FY24)[3]
- **Return on Equity:** 9.04% (FY24)[3]
- **Debt/Equity:** 0.48 (moderate leverage)[3]
- **Intrinsic Value Estimate:** ₹9.73 (suggests current price is at a premium to intrinsic value)[4]

#### **Recent Financial Performance**
- **Q3 FY25 Revenue:** ₹1,667.09 crore (down 9.17% YoY)[3]
- **Profitability:** Net profit/share for FY24 was ₹0.76, down from ₹0.83 in FY23[3]
- **Expense Management:** Interest expense is low at 1.86% of operating revenue; employee cost is 13.2%[1]

#### **Strengths**
- Strong technical momentum and recent bullish crossover.
- Consistent dividend payout.
- Low interest expense and moderate leverage.

#### **Weaknesses**
- Declining revenue and profit over the last few quarters.
- High valuation relative to earnings and intrinsic value.
- Long-term returns have been negative over 1 and 3 years.

#### **Outlook**
Analysts remain bullish in the short term, buoyed by technical signals and an expected price target of ₹38[2]. However, fundamental concerns such as declining profits, high P/E, and premium to intrinsic value warrant caution for long-term investors.

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**Summary:**
Trident Ltd. is showing short-term bullish momentum with positive technical indicators and analyst sentiment. However, investors should be cautious due to weak long-term performance, high valuation, and recent declines in revenue and profit[1][2][3][4][5].