The decline in the Indian stock market still continues. As soon as the market opened on November 21, the Sensex fell by more than 400 points. A huge fall was also seen in Nifty. But, the maximum devastation was seen in the shares of Adani Group. The stock of Adani Energy Solutions and Adani Enterprises fell by 20 percent.
Apart from this, a huge decline was also seen in other shares. Due to this decline, the group suffered a loss of approximately Rs 2 lakh crore. All this happened because Gautam Adani has been accused of bribery and fraud in the Federal Court of America. However, even amidst this decline, there is one stock which stood like a rock. There is upper circuit in this stock even today. Let us tell you about it in detail.
which share is that
The name of the share we are talking about is Trident Techlabs Ltd. Today there is an upper circuit of 5% in this share and the share price has become Rs 941. This stock has been rising since October 29. But a decline was also seen on 12 and 13 November. However, after this the stock again gained momentum and then hit upper circuit. Let us tell you that this stock has given amazing returns in less than a year. Talking about January 1, 2024, the price of one share on this day was Rs 108.20. Whereas, today the price of this share is Rs 941.
How are the stock’s fundamentals?
Talking about the fundamentals of Trident Tech Labs Ltd, its market cap is Rs 1,626 crore. The PE of the stock is 102 and ROCE is 29.5 percent. The book value of the share is Rs 29 and ROE is 28.3 percent. Talking about the face value of the share, the face value of Trident Tech Labs Limited is Rs 10. Whereas its 52 week high is Rs 998 and 52 week low is Rs 93.2.
Also read: Gautam Adani: Adani Group canceled plans to issue dollar bonds, was preparing to raise $600 million.
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