Trent stock price down 0.37 per cent as Sensex slides

Shares of Trent Ltd. fell 0.37 per cent to Rs 1683.35 at 01:09PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 5,651 shares with a turnover of Rs 9512.0 crore till 01:09PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 135.17, while the price-to-book value ratio stood at 18.83.

Return on equity (ROE) was at 17.13 per cent, according to exchange data. The stock hit an intraday high of Rs 1696.1 and a low of Rs 1672.0 during the session and quoted a 52-week high price of Rs 1791.6 and a 52-week low of Rs 1155.1.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 1443.89 on August 03, while the 50-DMA was at Rs 1676.88. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 46.3. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2023, promoters held 37.01 per cent stake in the company, while foreign institutional investors held 25.01 per cent and domestic institutional investors had 15.81 per cent.