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The Indian Share Market is trading at a record high level these days and with this, once again many multibagger shares have started appearing in the market. Today we are going to tell you about such a stock, which has given such a multibagger return on long term investment that all its investors have become rich.
This company works
We are going to tell you about Trident Limited. This company manufactures from thread to cloth, paper and many types of chemicals. The company’s main products include towels, printing paper, sulfuric acid, and sewing-weaving thread. The company lays a lot of emphasis on exports and from there also collects more revenue. Right now the market cap of this company is about 17 thousand crore rupees.
Shareholding pattern of the company
As per the shareholding pattern available with the stock market, the promoters currently hold the majority stake in the company. The promoters’ share in the company is 73.19 per cent. And the remaining 25.56 percent shareholding is public. In terms of public shareholding, mutual funds and foreign investors hold a minor stake, while retail investors hold about 18 per cent of the company’s shares.
This is how the business of the company increased
The company has expanded its business a lot during the last 10 years. The company’s revenue in the financial year 2013-14 was Rs 3,868 crore, which increased to Rs 6,332 crore in the financial year 2022-23. During this period, the net profit of the company more than doubled to Rs 441 crore.
came so fast in 10 years
During the last 10 years, the stock of this company has also performed well. During these 10 years, the shares of Trident Limited have gained about 3,600 per cent. This means that if an investor had invested only Rs 10,000 in this share 10 years ago and kept holding his investment, today his holding value would have been more than Rs 4 lakh.
Rs 2,500 made 1 lakh
This also means that this stock has made investors who invested only Rs 2500 10 years ago into millionaires in today’s time. During the last five years, its price has increased by 326 percent. At the same time, in the last 3 years, its price has gone up by about 665 percent.
Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. It is never advised here to invest money on behalf of ABPLive.com.
read this also: In this city of India, tomatoes were sold for only Rs 20 per kg, customers were happy after getting the offer
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