Trent shares rise 1.16 per cent in Monday's trading session

Shares of Trent Ltd. rose 1.16 per cent to Rs 1503.6 in Monday's trade as of 10:57AM (IST) even as the benchmark Nifty ruled at 18370.6, up 55.8 points.

The scrip had closed at Rs 1486.4 in the previous session. The stock quoted a 52-week low of Rs 1005.1 and a high of Rs 1571.0. The company quoted a market-cap of Rs 53643.06 crore on the BSE.

On BSE, 13,830 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 120.63 times its trailing 12-month EPS of Rs 12.51 per share and 18.83 times its book value. The return on equity (ROE) stood at Rs 17.13.

Key Financials
For the quarter ended 31-Mar-2023, Trent Ltd. reported consolidated sales of Rs 2268.06 crore, down 65.19 per cent from the same quarter a year ago. The company reported 33750.0 per cent YoY growth in net profit at Rs 54.16 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.