Trent shares gain 0.29% as Sensex falls
Trent Ltd. traded 0.29 per cent up at Rs 1715.0 at 01:03PM (IST) on Friday, even as BSE benchmark Sensex dropped 256.73 points to 66010.09. The stock had closed at Rs 1710.2 in the previous session.
The stock quoted a 52-week high price of Rs 1791.6 and 52-week low of Rs 1155.1, respectively. As per BSE data, total traded volume on the counter till 01:03PM (IST) stood at 6563 shares with a turnover of Rs 112.0 crore. At the prevailing price, shares of the company traded at 136.56 times its trailing 12-month earnings per share of Rs 12.51 per share and 18.83 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 0.62.Shareholding Details Promoters held 37.01 per cent stake in the company as of 30-Jun-2023, while FIIs owned 25.01 per cent and DIIs 9.14 per cent.Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 56.83.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental analysts cannot give a'buy' or'sell' recommendation using a single valuation ratio.
. Read more on economictimes.indiatimes.com
