Trent shares gain 0.02% as Sensex rises
The stock quoted a 52-week high of Rs 5069.8 and a 52-week low of Rs 1582.8.
Shares of traded 0.02 per cent higher in Monday's session at 11:41AM (IST). The stock opened at Rs 5069.8 and has touched an intraday high and low of Rs 5069.8 and Rs 4930.0, respectively, during the session so far.The stock quoted a 52-week high of Rs 5069.8 and a 52-week low of 1582.8. About 22,676 shares changed hands on the counter so far.
Benchmark Nifty50 was up 59.85 points at 23350.0, while the BSE traded 111.96 points higher at 76805.32 at the time of writing of this report.
In the pack, 34 stocks traded the day in the green, while 16 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 3232.86 on June 10, while the 50-DMA was at Rs 4385.92. 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
