Shares of Trident jumped 6.3% to an intraday high of Rs 33.10 on the BSE, driven by investor optimism following regulatory clarity and a key geopolitical shift in the global textile industry.The surge came after the US administration under President Donald Trump announced a 35% tariff on textile imports from Bangladesha move that could alter global supply chains and create new export opportunities for Indian manufacturers like Trident.India currently faces a 10% average tariff on textile exports to the US.
However, certain product segments are subjected to higher dutiesup to 26%, depending on classification.
With Bangladesh now facing a significantly steeper tariff, Indian exporters could gain a pricing edge, especially if trade negotiations evolve in Indias favour.In addition to global tailwinds, Trident also posted a regulatory compliance update on July 7, submitting a certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.
The filing, made to both BSE and NSE, was backed by a certificate from KFin Technologies Ltd, confirming that all dematerialisation and rematerialisation data for the quarter ended June 30, 2025, has been duly shared with the exchanges.The disclosure highlights Tridents commitment to corporate governance and regulatory transparency.
The company has also advised stakeholders to verify signatory authorizations via its official website or corporate communication channels.Live Events : IT stocks hit decade-high 3.2% dividend yield as FIIs flee.
Should you buy TCS, Infosys, Wipro before Q1 results?Relative Strength Index (RSI): The daily RSI (14) for Trident stands at 54.1.
RSI is a momentum oscillator that ranges from 0 to 100.
Readings below 30 suggest the stock is oversold, while readings above 70 indicate it is overbought.
An RSI around 54 indicates neutral to moderately bullish momentum, suggesting there is still room for upward movement without being overextended.Moving Averages: Trident is currently trading above all 8 key simple moving averages (SMAs) from the short-term 5-day SMA to the long-term 200-day SMA.
This alignment across short-, medium-, and long-term moving averages is typically considered a strong bullish signal, indicating a well-supported uptrend.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of the Economic Times)