Trent shares rise 1.83 per cent in Tuesday's trading session
Trent Ltd. rose 1.83 per cent to Rs 2158.95 in Tuesday's trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 19140.9, up 93.65 points.
The scrip had closed at Rs 2120.15 in the previous session.
The stock quoted a 52-week low of Rs 1155.1 and a high of Rs 2281.75. The company quoted a market-cap of Rs 76676.87 crore on the BSE.
On BSE, 7,241 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 157.23 times its trailing 12-month EPS of Rs 13.72 per share and 18.83 times its book value. The return on equity (ROE) stood at Rs 17.13.
Key Financials For the quarter ended 30-Jun-2023, Trent Ltd.
reported consolidated sales of Rs 2680.39 crore, up 45.12 per cent from the same quarter a year ago. The company reported 32.92 per cent YoY growth in net profit at Rs 173.48 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Tuesday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
