Trident shares jump 13% after Q2 results; profit jumps 93%, board clears ₹4,650 crore expansion plan | What lies ahead
A quarterly results development with market-wide reach.
· LiveMint Markets, ET Stocks, Economic Times Markets, NDTV Profit
Trident shares jumped 13.42% after the company reported a 93.1% year-on-year rise in September-quarter profit to ₹175.5 crore. Revenue slipped 3.8%, but EBITDA rose 46.5%. The board also gave in-principle approval for a ₹4,650 crore expansion and modernisation programme.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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