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Trent's shares rose nearly 2% as Q3 FY25 net profit grew 33% to Rs 497 crore. Revenue increased by 34% to Rs 4,657 crore. The company expanded its store portfolio to over 850 large-box fashion stores. While earnings met expectations, revenue fell short, leading some analysts to adjust target prices. Trent's management remains optimistic about future growth.
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In the Nifty500 pack, eight stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on February 6, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
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Eleganz Interiors' SME IPO opens for subscription today, planning to raise approximately Rs 78 crore through fresh equity sale of 60.05 lakh shares. The issue price is set between Rs 123-130 per share, with bids open until February 11. Funds will be used for debt repayment, working capital, and corporate purposes.
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