Trident Ltd’s shares rose 3.5 percent to a 52-week high of Rs 26.4 on Monday after the firm told the bourses late Thursday that its board of directors had approved the capacity expansion plan.
The anticipated capacity augmentation for the yarn industry is 98,496 spindles and 3,600 rotors, for the sheeting business is 70,000 metres per day, and for the energy business is 16.3 MW for its cogen plant.
Shares of Trident Textiles have jumped 158 percent so far in 2021, 58 percent in the past 3 months and has soared 280 percent in a year. The textile player’s existing capacity stood at 589,248 Spindles, 7,464 Rotors and 160 Air Jet for its yarn segment, while its capacity in the sheeting segment was currently at 120,000 metres per day.
