CRISIL assigns Fundamental Grade of ‘3/5’ to Trident

Credit research agency, CRISIL has assigned the Fundamental Grade of ‘3/5’ to Trident. The grade indicates that the company’s fundamentals are good relative to other listed equity securities in India. The agency has also assigned a Valuation Grade of ‘5/5’ indicating that market price has strong upside from the current levels.

Trident is the flagship company of Trident Group with its array of customers spread across 75 countries. Trident is a leading manufacturer of Terry Towels, Paper, Yarn and Chemicals. The company has emerged as one of the largest manufacturers of terry towels and wheat straw based paper manufacturers in the world.