Trent shares rise 0.35 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 73.97 on Friday.
Shares of rose 0.35 per cent to Rs 5616.0 in Friday's trade as of 01:29PM (IST) even as the benchmark ruled at 24250.8, down 51.36 points.The scrip had closed at Rs 5596.3 in the previous session. The stock quoted a 52-week low of Rs 1657.25 and a high of Rs 5643.85. The company quoted a market-cap of Rs 199715.96 crore on the .
On BSE, 140,411 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 134.33 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 Friday. 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
