Credit rating agency, CRISIL Independent Equity Research (IER) has upgraded the fundamental grade of ‘4/5’ from ‘3/5’ to Trident. The upgraded grade indicates that the company’s fundamentals are ‘superior’ relative to other listed equity securities in India. CRISIL IER has also maintained valuation grade of ‘5/5’ indicating that market price of the share has ‘strong upside’ potential from the current levels.
Trident is the largest terry towel and wheat straw based paper manufacturer in the world.
