Trent shares drop 0.56% as Sensex rises
The stock quoted a 52-week high of Rs 5662.8 and a 52-week low of Rs 1657.25.
Shares of traded 0.56 per cent lower in Tuesday's session at 12:37PM (IST). The stock opened at Rs 5624.15 and has touched an intraday high and low of Rs 5628.0 and Rs 5552.0, respectively, during the session so far.The stock quoted a 52-week high of Rs 5662.8 and a 52-week low of 1657.25. About 6,140 shares changed hands on the counter so far.
Benchmark Nifty50 was up 77.75 points at 24398.3, while the BSE traded 275.71 points higher at 80236.09 at the time of writing of this report.
In the pack, 29 stocks traded the day in the green, while 21 were in the red.
Key Financials
For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 3374.57 crore, down 4.86 per cent from the previous quarter's Rs 3546.95 crore and down 48.79 per cent from the year-ago quarter. The company reported net profit of Rs 704.23 crore for the latest quarter.
Promoter Holdings
Promoters held 37.01 per cent stake in the company as of 31-Mar-2024, while FIIs held 26.81 per cent and MFs 8.72 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 3564.15 on July 09, while the 50-DMA was at Rs 4917.53. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
