The target is based on a 20x PE multiple on estimated Dec-27 earnings, which implies a modest 5% de-rating from current levels.
In the Nifty200 pack, eight stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on May 29, according to stockedge.com’s technical scan data.
Trent’s bonus share issue is approaching its record date of June 4. The company will issue one bonus share for every two held. Analysts suggest
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