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Published on 5/08/2019 3:28:17 PM | Source: Dion Global Solutions Ltd

Trident gains 4.7% on posting robust Q1 earnings

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Shares of Trident Ltd surged nearly 5 per cent on Monday at the Bombay Stock Exchange after company posted strong numbers in the quarter ended June 2019. The company's Q1FY20 net profit jumped to Rs 122.4 crore against Rs 58.9 crore in the same quarter last year.

Revenue rose 15.5 percent to Rs 1,312.1 crore versus Rs 1,136.4 crore. Buoyed by the development, shares of the company surged as much as 4.74 per cent in the intra-day trade at Rs 56.25 a piece on BSE. On NSE, the shares of the company were trading at Rs 55.50 apiece, up by 3.45 per cent. Meanwhile, the BSE Sensex was at 36,626.94, down by 491.28 points or 1.32 per cent at 12:37 hours.