Shares of Trident, leading textiles and paper manufacturers gained over 2% on Friday after the company was granted a patent for Fabric and Method of manufacturing by the European Patent Office.

The present invention comprises a method of producing a fabric by subjecting the fabric to a special treatment, thereby obtaining increased air space in the resultant fabric.

This will help the company to deliver its special soft towels without usage of any chemical based fibers enabling it to save environment and at the same time to deliver its soft luxury towels in European Market.

The grant of this patent provides further recognition of the quality of the innovation being carried out by Trident.

Shares of Trident are trading at Rs 14.80, up Rs 0.42, or 2.92% at the Bombay Stock Exchange (BSE) on Friday at 10:22 a.m.

The scrip has touched an intra-day high of Rs 14.95 and low of Rs 14.38. The total volume of shares traded at the BSE is 2,766,633.

Currently, the stock is trading down 13.43% from its 52-week high of Rs 16.98 and above 381.97% over the 52-week low of Rs 3.05.