Trident surged 6.74% to Rs 46.70 at 10:25 IST on BSE after net profit jumped 142.8% to Rs 51 crore on 0.5% decline in net revenue to Rs 961 crore in Q2 September 2015 over Q2 September 2014.
The result was announced after market hours yesterday, 27 October 2015.
Meanwhile, the S&P BSE Sensex was down 99.94 points or 0.37% at 27,153.50.
On BSE, so far 5.46 lakh shares were traded in the counter as against average daily volume of 5.45 lakh shares in the past one quarter.
The stock hit a high of Rs 47.50 and a low of Rs 45.50 so far during the day. The stock had hit a record high of Rs 49.50 on 5 August 2015. The stock had hit a 52-week low of Rs 19.30 on 26 March 2015.
The stock had underperformed the market over the past one month till 27 October 2015, gaining 2.46% compared with Sensex's 5.37% rise. The stock had, however, outperformed the market in past one quarter, surging 45.83% as against Sensex's 1.12% fall.
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The small-cap company has equity capital of Rs 508.85 crore. Face value per share is Rs 10.
Trident's earnings before interest, taxation, depreciation and amortization (EBITDA) rose 14.6% to Rs 178.90 crore in Q2 September 2015 over Q2 September 2014. EBITDA margin improved to 18.6% in Q2 September 2015 compared with 16.2% in Q2 September 2014.
Trident is a leading manufacturer and exporter of home textiles & paper products.
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