Shares of Trent rise as Nifty gains

Shares of . gained 0.74 per cent to Rs 1219.2 in Friday's trade as of 10:52AM (IST). It hit a high of Rs 1237.0 and low of Rs 1209.6 during the session.

The stock quoted a 52-week high price of Rs 1571.0 and a low of Rs 983.7. The return on equity for the stock stood at 4.47 per cent. About 5,142 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 0.62.

The scrip has been an outperformer, up 12.53 per cent in the past one year in comparison with a 3.99 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 983.7 on February 03, while the 50-DMA was at Rs 1323.64. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 37.01 per cent stake in Trent Ltd. as of 31-Dec-2022. Mutual funds and foreign institutional investors held 8.25 per cent and 26.82 per cent stake.