Trident shares jump 13% after Q2 results; profit jumps 93%, board clears ₹4,650 crore expansion plan | What lies ahead

What happened: Trident shares jumped 13% after Q2 FY27 results, with profit up 93.1% year on year. The board also granted in-principle approval for a ₹4,650 crore expansion and modernisation programme. Key numbers: Profit ₹175.5 crore vs ₹90.9 crore. Revenue down 3.8% to ₹1,719.48 crore. EBITDA up 46.5% to ₹313.7 crore, margin 18% vs 12%. Stock high ₹25.18, low ₹22.64. Why it matters: Gaurav Arora of SAHI said the stock is testing resistance at the 50-week EMA near ₹25.02, a level it has been rejected at before. He said a decisive move above it could pave the way for further upside.

Trident shares jumped 13% after Q2 FY27 results, with profit up 93.1% year on year. The board also granted in-principle approval for a ₹4,650 crore expansion and modernisation programme.

Gaurav Arora of SAHI said the stock is testing resistance at the 50-week EMA near ₹25.02, a level it has been rejected at before. He said a decisive move above it could pave the way for further upside.