1 Multibagger Small Cap Stock To Buy After The Recent Correction

Small caps have been facing the severe brunt and within the Nifty Small cap 100 segment there has been a collapse in value by over 20%. Likewise, though the stock we are taking into account does not falls in the Nifty Small cap 100 index is a good bet given its business line and financials:

Small cap stock to buy:

Trident- the company or the group rather is the $1 billion conglomerate with presence in textiles, paper and chemicals,. Trident Group is one of India's global amalgamation textile fabric manufacturers. The company has an annual revenue of Rs. 6800 plus crore.

Buying range for the stock-market-news

The stock is suggested to be bought at levels of Rs. 40-45 by leading analysts and last in today's trade at around 10:20 am, the stock traded at Rs. 48.75 per share.

Strengths

Stock is seen to pass the criteria of CANSLIM. The company's net profit for the December quarter has been maintained higher at Rs. 209.10 crore as against the profit figure of Rs. 159.76 crore. Also, the concern though currently is that the stock is overvalued.

Stock price trajectory:

Trident stock's all time low and high has been Rs. 0.35 and Rs. 70.35 and the 52-week low has been Rs. 15.7 per share. This stock in a year's time has given a return of 206%.

Disclaimer:

Though the stock seems good considering its positive, one needs to put their bets only after careful analysis. Note the suggestions given here are analysts recommendations and hence readers should engage in their own analysis.