Trent shares up 0.84% as Sensex falls
Trent Ltd. gained 0.84 per cent to Rs 1728.75 in Friday's session as of 01:17PM (IST) even as the equity benchmark Sensex traded 714.6 points lower at 66857.3. Earlier in the day, the stock witnessed a start to the session.
The stock quoted a 52-week high price of Rs 1791.6 and a 52-week low of Rs 1155.1 on NSE. Around 6537 shares changed hands on the counter till 01:17PM (IST). The stock opened at Rs 1714.5 and has touched an intraday high and low of Rs 1730.1 and Rs 1701.85 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of 137.56, earnings per share (EPS) of Rs 12.51 and price to book value (PB) of 18.83, while the return on equity (ROE) stood at Rs 17.13.Promoter/ FII Holding The promoters held 37.01 per cent stake in the company as of July 21, while FII and MF ownerships stood at 25.01 per cent and 9.14 per cent, respectively.Key Financials With a market capitalisation of Rs 61170.5 crore, the company operates in the Retail — Apparel/Accessories industry. For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 2268.06 crore, down 4.11 per cent from the previous quarter?s Rs 2365.24 crore and down 65.19 per cent from the same quarter a year ago. The company reported net profit of Rs 54.16 crore for the latest quarter, up 33750.0 per cent from the corresponding quarter last year.Technical Indicators The relative strength index (RSI) of the stock stands at 59.6.
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. 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
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