Shares of Trent Limited saw a modest recovery in the latest trading session, rising nearly 2 per cent after witnessing a sharp decline a day earlier. The stock had come under pressure following investor concerns around the company’s fundraising plans, despite reporting positive quarterly results.
In the previous session, Trent shares slipped around 4 per cent as the market reacted negatively to the proposed capital-raising move. However, the rebound seen now reflects selective buying at lower levels.
Market expert, Pradip Halder speaking with ET NOW shared that the stock has been under consistent selling pressure since October 2024 and any upward movement during this period has largely failed to hold.
Key Levels to Watch
Experts highlight that a decisive monthly closing above Rs 4,500 is crucial for the stock to signal a meaningful trend reversal. At present, Trent shares are trading around Rs 4327, still below the key resistance level.
Technical indicators offer mixed signals. While the MACD indicator has turned positive on weekly charts for two consecutive weeks, analysts believe this alone is not sufficient to confirm a strong bullish trend. There is a possibility that the stock could test levels near Rs 4,650 in the short term, but conviction for fresh buying remains low.
Investment Strategy: Hold, Avoid Fresh Buying
Given the current setup, experts recommend a ‘wait and watch’ strategy. Investors are advised to avoid initiating fresh positions until the stock demonstrates stronger confirmation signals, particularly a sustained move above Rs 4500 on a monthly basis.
For those already holding the stock, maintaining a strict stop-loss around the Rs 3900 mark is suggested. Strong support is seen in the Rs 3850–Rs 3900 range, making it a critical level for risk management.
Similarly, NMDC Limited is also witnessing buying interest, with gains of about 2.5 per cent backed by strong volumes and increasing open interest, indicating fresh long build-up in the counter.
While Trent shares have staged a short-term recovery, the broader trend remains uncertain. Analysts advise investors to stay cautious, hold existing positions with stop-loss discipline and wait for stronger confirmation before considering fresh investments.
Trent Q4 results 2026
Trent Ltd reported a 32.57 per cent on-year increase in consolidated net profit to Rs 413.1 crore for the January-March quarter of FY26. The company had posted a consolidated net profit of Rs 311.6 crore in the January-March quarter a year ago, according to a regulatory filing.
Trent’s consolidated revenue from operations was up 19.23 per cent to Rs 5027.99 crore in Q4 FY26. It was Rs 4216.94 crore in the year-ago period. The company’s total expenses increased 16.7 per cent in the January-March quarter to Rs 4520.95 crore in FY26.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions)
