Share price of Trent rises as Nifty weakens
Trent Ltd. gained 1.59 per cent to Rs 2720.0 in Thursday's trade as of 10:05AM (IST). The stock hit a high price of Rs 2735.3 and low of Rs 2678.0 during the session.
The return on equity (ROE) for the stock stood at 17.13 per cent. Traded volume on the counter stood at 10:05AM shares and turnover at Rs 2.15 crore around that time. The stock of Trent Ltd.
quoted a 52-week high price of Rs 2735.3 and 52-week low prices of Rs 1155.1, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.62.
Promotor/FII Holding Promoters held 37.01 per cent stake in the company as of 30-Sep-2023, while FIIs held 26.17 per cent and domestic institutional investors had 8.44 per cent.
Key Financials The company reported consolidated sales of Rs 3062.47 crore for the quarter ended 30-Sep-2023, up 14.25 per cent from previous quarter's Rs 2680.39 crore and up 51.41 per cent from the year-ago quarter's Rs 2022.66 crore. Net profit after tax for the latest quarter stood at Rs 234.73 crore, up 152.34 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter.
The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect «buy» or «sell» opportunities.
Read more on economictimes.indiatimes.com
