Nifty Share Price News Desk, Mumbai, 09 March 2026: The shares of Trident Limited (NSE: TRIDENT), a leading textile and paper manufacturing company, have been on a declining trend in recent days. On Monday, 9 March 2026, during the morning trading session, the company’s share was trading around ₹22.90 to ₹23.07 on the BSE, lower than the previous closing price (₹23.69 on 6 March 2026). Over the past week, the share has been trading near its 52-week low, creating a cautious mood among investors.
Regarding the returns to investors, the share price had risen to ₹34.6 over the past few months but has since dropped significantly to around ₹23. This has caused short-term investors to incur losses. The company’s market cap is around ₹12,000 crore.
Trident Limited’s total debt, according to available data as of March 2026, is around ₹ 1,600 crore to ₹ 1,605 crore (₹1,605.69 crore reported in the previous quarter). The company has tried to reduce debt, and the debt-to-equity ratio is controlled at around 0.35x. This is helping keep the company’s financial position stable.
Regarding the order book, the company has seen demand recovery in the home textile and paper segments in Q3 FY26. The visibility of the order book has improved, and according to the company’s investor presentation, business partners and infrastructure are strong. However, the specific figures of the order book have not yet been publicly updated, but there are signs that the growth momentum is continuing.
Top broking firms’ price targets for Trident shares:
According to available analysts’ estimates, the 1-year average price target is around ₹33.00 (ranging from ₹33 to ₹34.65 in some places). This shows a 35-40% upside from the current price. Some brokers have given a target of ₹26 to ₹30, while others have more optimistic estimates up to ₹52. Overall, broking firms are recommending ‘buy’ or hold from a medium to long-term perspective.
Other news updates:
Trident Limited announced Q3 and 9M FY26 results in February 2026, showing a drop in revenue (₹1,574 crore in Q3). Operating profit and PBT also decreased. The company replied to BSE regarding the volume increase that there is no price-sensitive information. In the textile sector, stock volatility was seen due to demand recovery and changes in the US market (news related to Trump tariffs). The company continued to release ESG ratings and investor presentations.
Overall, Trident Limited is currently facing challenges in the cyclical textile and chemical sectors, but with lower debt and improving order books, there is potential for recovery in the future. Investors should keep an eye on market trends and the company’s upcoming results. (Note: This information is based on publicly available sources, and you should seek professional advice for investments.)
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