The target price for Trident Ltd (TRIDENT) stock that is expected to be achieved by December 24, 2024, can be analyzed based on several factors:
- Market Position: Trident is a significant player in the textile sector with a diverse product portfolio.
- Financial Performance: The company has shown a consistent financial performance with a strong return on equity (ROE) of 11.00% and a return on assets (ROA) of 20.08%1.
- Share Price Performance: The stock has shown a significant 36% return over the past year and a 5-year CAGR of 7.31%1.
- Analyst Forecasts: Analysts have set a 2025 price target of 40.50 INR with a high price target of 45 INR, indicating a potential upside from the current price2.
- Future Growth Prospects: The company is expected to continue its growth trajectory, with a predicted price target of 36 to 56 INR for the next year34.
Based on these factors, an expert analysis suggests that TRIDENT's stock could maintain its current performance, and an approximate target price by December 24, 2024, could be in the range of 35.85 to 40.50 Indian Rupees. However, it's important to note that stock market investments carry inherent risks, and actual performance can be influenced by unforeseen market events.
8/15/2024 07:02am
