JM Financial maintains Buy on Trident, target price Rs 38

JM Financial is optimistic about Trident, reiterating a Buy rating. The target price is set at Rs 38. Trident's Q4 results show revenue growth in both home textiles and paper segments. EBITDA margins have expanded. The company has reduced its net debt significantly. Strategic acquisitions and divestments are underway. Earnings estimates have been revised downwards.