Mumbai, 24 February 2026: On 23 February 2026, after the market closed, Trident’s shares closed around ₹26.57 – ₹26.58 on both NSE and BSE. This marked an increase of 4.07% or ₹1.04. The day’s range was open ₹25.97, high ₹27.48, low ₹25.82. The volume was massive – around 4.65 crore shares traded on NSE. Market cap was around ₹13,540 crore.
On 24 February 2026, between 9:50 and 10:24 in the morning, the share was trading around ₹25.93 (down 2.41%) on NSE and ₹25.99 (down 2.22%) on BSE. The 52-week high is ₹34.62, and the low is ₹23.11. The company’s TTM EPS is ₹0.80, PE ratio is 33.21, and the PB is 2.94. The dividend yield is around 1.35%.
Impact of the US trade deal and the US Supreme Court ruling on Trident
Trident Limited is a leading home textile company in India. It is a world leader in terry towels, bedsheets, yarn, and paper products. More than 40% of the company’s revenue comes from the US (supplying retailers like Walmart, Macy’s, and Target).
US-India trade deal:
In January-February 2026, India and the US made a deal. This reduced import duties on Indian goods from 25% to 18% (previously there were penalty tariffs up to 50%). This gave a big boost to Indian textile exports.
US Supreme Court decision (20 February 2026):
The court ruled that the broad tariffs imposed by President Trump under the IEEPA (International Emergency Economic Powers Act) were illegal. This led to the high tariffs being cancelled. After this, Trump announced a 15% global tariff.
Due to these two events, textile stocks saw a big surge on 23 February. Trident went up from 4% to 7.5%. Kitex Garments rose 10%, and Welspun Living went up 4%. The reason: Indian products became more competitive in the US market, orders are likely to increase, and they have an advantage compared to China and Bangladesh.
Positive impact:
Export orders have increased, and margins have improved.
- The company announced plans to set up a new subsidiary focused on the US.
- Even though profit fell in Q3 FY26 (a 44% YoY drop), there is hope for an improvement in exports.
Caution point:
The new 15% tariff causes more uncertainty. The market is unstable, making long-term planning tough.
The total return Trident Limited gave to investors
Trident has a good track record for long-term investors, but there is short-term volatility:
- 1 year (1-year price return): around -4.5% to -5.7% (total return with dividends around -3%).
- 3 years: -5% to -15% (Price CAGR -5%).
- 5 years: very strong – cumulative return around 104% (CAGR around 14-15%). Even better with dividends.
- 10 years: Price CAGR 20%, average ROE 12%.
The company pays regular dividends (currently 1.35% yield). Promoter holding is steady at 73.68%. Debt is low, but there has been a recent dip in profits and margins (net sales fell 5.56% in Q3). Long-term (5+ years) investors have seen good returns, especially during the boom of 2020-22.
Trident share target price for 2026 by Dalal Street analysts
Dalal Street (Indian brokerages and analysts) is currently giving Trident a Buy rating (100% Buy based on 1 lead analyst).
- Average target price: ₹33 (around 25% upside from the current ₹26).
- High/Low: ₹33 (some old estimates were 37-38, but cut after Q3 results).
- Specific for 2026: Some reports give a range of ₹26-30 (based on cyclical recovery), but the main consensus is to reach ₹33 by 2026-27.
- Reasons: Export growth, US market recovery, strong paper segment. But it depends on input costs and global demand.
Brokerages like JM Financial had earlier given a target of ₹38, but recent Q3 results (profit drop) and tariff uncertainties have made forecasts cautious. Analysts say – if tariffs remain stable, 11% annual revenue growth is possible.
Conclusion
Although Trident shares dipped a little on 24 February 2026 due to short-term profit booking, the long-term outlook is positive because of the sentiment created by the US trade deal and the Supreme Court decision. The company is leading in the textile sector with a strong business model, low debt, and US exposure. Investors should consider the long term, keeping in mind short-term volatility. As always, investing in the stock market carries risk – do your own research or talk to an advisor before deciding.
(This information is based on publicly available sources as of the morning of 24 February 2026. For the exact price and updates after the market closes, check reliable platforms like NSE/BSE)
