India's Trident jumps on block deals

Trident

08/01/2024 07:35

** Shares of Trident Ltd  TRIE.NS  rise as much as 14.9% to
47 rupees; highest level since June 3, 2022
    ** About 20.8 mln shares of the textiles maker change hands
in 29 block deals in the 42-46.4 rupees/share range - about
2.6%-13.4% premium to stock's last close
    ** Stock last up 12%, set for best one-day rise in over
three years if current gains hold
    ** TRIE set to rise for seventh straight session, gaining
14.1% in the last six sessions
    ** Trading volume is 17.7x the 30-day daily avg, highest in
nearly 7.5 years
    ** Volume above 270 mln for the first time in 3 years
    ** Stock rose 6% in 2023 after losing 35.8% in 2022



 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))