India's Trident up 6.5% after promoter group adds stake

Trident

28/03/2023 07:27

** Shares of Trident Ltd  TRIE.NS  rise as much as 6.5% to
26.90 rupees in volatile trading session
    ** Stock trims intraday gains during session; last up 0.8%
to 25.45 rupees as of 11:22 a.m. IST
    ** Non-promoter non-public shareholder Trident Ltd Employees
Welfare Trust sold ~12.4 mln shares to promoter group Madhuraj
Foundation on Monday at a price of 25.75 rupees apiece 
    ** Over 10 mln shares change hands by 11:16 a.m. IST, 1.9x
the 30-day moving avg
    ** As of last close, stock down 26.3% so far this year,
extending its 35.8% decline in 2022


 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))