Trent declines 1.61% as Sensex climbs

Shares of Trent Ltd. traded at Rs 3888.45 on BSE at 01:54PM (IST) on Friday, down 1.61 per cent from previous close.

The scrip quoted a 52-week low price of Rs 1272.4 and a high of Rs 4098.0.

Earlier, shares of the company saw a gap up opening in the morning.

A total of 6,395 lakh shares changed hands on the counter till 01:54PM (IST).

The stock of Trent Ltd. commanded a market value of Rs 138320.17 crore, according to BSE.

The stock traded at a price-to-earning (P/E) multiple of 165.31, 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.

In the BSE500 pack, 310 stocks traded in the green, while 190 stocks were in the red.

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

Promotor/FII Holding
Promoters held 37.01 per cent in Trent Ltd. as of 31-Dec-2023 while foreign and domestic institutional investors owned 25.91 per cent and 9.21 per cent, respectively.

Moving averages
The 200-DMA of the stock stood at 2315.59 on February 23, while the 50-DMA was at 3293.82. If a stock trades below 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 as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

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