Trident Limited’s shares gained over 2 per cent on Friday after the corporate introduced that it had been granted a patent for “Fabric and Method of Manufacturing Fabric by European Patent workplace.
At 12:33 pm, Trident shares have been buying and selling at ₹14.74 up ₹0.36 or 2.50 per cent on the BSE. The shares opened at ₹14.50 as towards the earlier shut of ₹14.38.
Trident shares hit an intraday excessive of ₹14.95 and an intraday low of ₹14.38.
On the NSE, the corporate’s shares have been buying and selling at ₹14.75, up ₹0.40 or 2.79 per cent. Trident opened at ₹14.55 as towards the earlier shut of ₹14.35.
“The current invention includes a way of manufacturing a cloth by subjecting the material to a particular therapy, thereby acquiring elevated air house within the resultant material. This will assist the corporate to ship its particular smooth towels with out utilization of any chemical primarily based fibers enabling it to avoid wasting atmosphere and on the identical time to ship its smooth luxurious towels in European Market,” the corporate mentioned in an official launch.
“The grant of this patent gives additional recognition of the standard of the innovation being carried out by Trident,” it mentioned.