Trent shares fall 0.72 per cent in Monday's trading session
The Relative Strength Index of the stock stood at 69.08 on Monday.
Shares of fell 0.72 per cent to Rs 4689.6 in Monday's trade as of 01:08PM (IST) even as the benchmark ruled at 23075.5, up 118.41 points.The scrip had closed at Rs 4723.65 in the previous session. The stock quoted a 52-week low of Rs 1494.0 and a high of Rs 4799.3. The company quoted a market-cap of Rs 170610.23 crore on the .
On BSE, 13,049 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 114.75 times its trailing 12-month EPS of Rs 41.82 per share and 34.51 times its book value. The return on equity (ROE) stood at Rs 36.55.
Key Financials
For the quarter ended 31-Mar-2024, reported consolidated sales of Rs 3374.57 crore, down 48.79 per cent from the same quarter a year ago. The company reported 1200.28 per cent YoY growth in net profit at Rs 704.23 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Monday. 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.
Source: Stocks-Markets-Economic Times
