Trident Receives European Patent for Innovative New Product

Trident has been granted a patent for the ‘Process of manufacturing a fabric with homogeneous pores’ by the European Patent Office. The present invention comprises a method of producing Air rich yarn and fabric with pores throughout the cross-section thereby producing Air Rich fabrics and yarns which have high wettability, easy dryablity, quick absorbency and increased thickness. These fabrics have added advantage of keeping the body warm as they do not allow the body’s heat to transmit easily through the fabric. 

With this patent, the company will deliver its Air Rich towels with the efficiency to absorb water and dry faster than normal fabric in the global market. Air Rich Towels bloom after every wash, thereby making the Towels look new even after multiple washes. The grant of this patent by the European Patent Office provides further recognition of the quality of the innovation being carried out by Trident. 

Trident Limited is the flagship Company of Trident Group, an Indian business conglomerate and a global player. Headquartered in Ludhiana, Punjab, Trident Limited is a vertically integrated textile (Yarn, Bath & Bed Linen) and Paper (Wheat Straw-based) manufacturer. Trident’s towels, yarns, bed sheets and paper businesses have earned global recognition and are delighting millions of customers across India and the world. Trident is one of the largest players in home textiles in India. 

On Friday, the shares of Trident closed at Rs 33.28, up by 1.46% from its previous closing of Rs 32.80 on the BSE. 

Today, the stock opened at Rs 32.70 and has touched a high and low of Rs 34.00 and Rs 32.62 respectively.  

The BSE group ‘A’ stock of face value of Rs 1 has touched a 52-week high and low of Rs 43.75 and Rs 25.10, respectively. Last one week high and low of the scrip stood at Rs 34 and Rs 32.62 respectively. The current market cap of the company is Rs 16,959.34 crore. 

The promoters holding in the company stood at 73.19%, while Institutions and Non-Institutions held 2.47% and 24.35% respectively. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.