Trent shares gain 0.89% as Sensex rises
The stock quoted a 52-week high of Rs 4243.65 and a 52-week low of Rs 1287.4.
Shares of traded 0.89 per cent higher in Thursday's session at 02:00PM (IST). The stock opened at Rs 3994.45 and has touched an intraday high and low of Rs 4014.0 and Rs 3960.4, respectively, during the session so far.The stock quoted a 52-week high of Rs 4243.65 and a 52-week low of 1287.4. About 4,208 shares changed hands on the counter so far.
Benchmark Nifty50 was up 161.91 points at 22001.0, while the BSE traded 489.98 points higher at 72591.67 at the time of writing of this report.
In the pack, 37 stocks traded the day in the green, while 13 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 3546.95 crore, up 15.82 per cent from the previous quarter's Rs 3062.47 crore and up 49.96 per cent from the year-ago quarter. The company reported net profit of Rs 374.36 crore for the latest quarter.
Promoter Holdings
Promoters held 37.01 per cent stake in the company as of 31-Dec-2023, while FIIs held 25.91 per cent and MFs 9.21 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2546.72 on March 21, while the 50-DMA was at Rs 3647.67. 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
