Trent ends up being 5th Tata Group business to breach Rs 1 lakh-crore market cap

Synopsis Trent has actually offered multibagger returns of 109% in 2023, surpassing Nifty50 which has actually returned over 11% throughout this duration. The last 12-month gains by this counter stand at 92%. Trent is trading above its 50-day and 200-day easy moving averages (SMAs), according to Trendlyne. AgenciesTrent ended up being the 5th stock amongst the noted Tata Group business to cross the marketplace capitalisation of Rs 1 lakh crore. Other stocks with a market cap over 1 lakh crore are Tata Consultancy Services (TCS), Titan, Tata Motors and Tata Steel. At the end these days’s trading session, Trent’s market cap stood at Rs 100,332.78 crore. TCS’ inhabits the leading area with a market cap of Rs 12.85 lakh crore followed by Titan at (Rs 3.09 lakh crore), Tata Motors (2.33 lakh crore) and Tata Steel (Rs 1.60 lakh crore). Trent shares leapt almost 2% to the day’s high of Rs 2,837.40 while completing at Rs 2822.40. Trent has actually provided multibagger returns of 109% in 2023, outshining Nifty50 which has actually returned over 11% throughout this duration. The last 12-month gains by this counter stand at 92%. Trent is trading above its 50-day and 200-day easy moving averages (SMAs), according to Trendlyne. The counter has actually stayed unbeaten over the previous 4 trading sessions and acquired more than 7% throughout this duration. The rally has actually taken it into a highly overbought zone with the day’s RSI and MFI at 88.8 and 92.2, Trendlyne information recommended. Regardless of its strong relocations over the in 2015, the stock has actually traded with conside
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