Share price of Trent rises as Nifty strengthens
Trent Ltd. gained 0.1 per cent to Rs 1764.9 in Monday's trade as of 12:51PM (IST). The stock hit a high price of Rs 1789.95 and low of Rs 1755.6 during the session.
The return on equity (ROE) for the stock stood at 17.13 per cent. Traded volume on the counter stood at 12:51PM shares and turnover at Rs 1.26 crore around that time. The stock of Trent Ltd.
quoted a 52-week high price of Rs 1789.95 and 52-week low prices of Rs 1058.2, 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 31-Mar-2023, while foreign investors held 24.43 per cent and domestic institutional investors had 8.91 per cent.Key Financials The company reported consolidated sales of Rs 2268.06 crore for the quarter ended 31-Mar-2023, down 4.11 per cent from previous quarter's Rs 2365.24 crore and down 65.19 per cent from the year-ago quarter's Rs 1372.97 crore. Net profit after tax for the latest quarter stood at Rs 54.16 crore, up 33750.0 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.
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