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If an investor had invested Rs 10,000 in Trident's stock 10 years ago and stayed put, the investment would have turned to nearly Rs 4 lakh, according to an analysis by ET Markets.
Smallcap stock: Garment margins of the company are currently in high single-digit and are expected to rise to double-digits in a couple of quarters, aided by higher capacity utilisation and better operating efficiencies, Sharekhan stated.
“Filatex India Limited, a small cap company engaged in manufacturing and trading of synthetic yarn and related fabrics falls under ‘Other textile Industry. The stock has moved by significant volumes in the past few days indicating the investors interest,” Madhu Bansal, Research Head, The Finberg, said.
The stock hit a record high of Rs 477 on 4th January 2023 but it failed to hold on to the momentum. The stock saw a vertical drop from record highs but managed to find support above 50-DMA on the weekly charts in March 2023.
Investment of ₹1 lakh in this SK Birla group-owned bankrupt stock in October last year would be worth Rs ₹14.5 lakh at present.