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On the technical charts, the 200-day moving average of the stock stood at Rs 4381.04.

Promoters held 58.28 per cent stake in the company as of 31-Mar-2023, while FIIs owned 35.24 per cent, DIIs 1.44 per cent.

So, earnings are not dropping. It is the same story that we are seeing for the last five-six quarters. Market expects that the earnings will drop.

The stock quoted a 52-week high price of Rs 788.9 and a 52-week low of Rs 583.05.

Trent operationally has been doing well. It is just that the consumer demand sentiments have been impacted by inflation all of us know about it. Most consumer good companies have talked about it.

Experts suggest that Siemens stock, which hit a new record high of Rs 3,481 on 27 April 2023, is expected to surpassRs 3,600 levels in the short term. The stock is trading well above most short and long-term moving averages and showing an overall uptrend on the monthly scale. In addition, it may give a breakout from a rising channel pattern which would further boost the stock. Traders are advised to buy the stock at current levels, keeping a stop loss below Rs 3,333, for an upside move towards Rs 3,650 zones in the next 3-4 weeks.

The Nifty IT index was trading 0.72 per cent up at 27553.15.

A total of 158,041 shares changed hands on the counter till 11:07AM (IST)

The 200-day DMA is used as a key indicator by traders to determine 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.

The pharma sector is experiencing a catch-up in valuations, but the American market, once lucrative, remains tough. The real estate sector is structurally bullish, particularly in the share prices of home manufacturing companies. Healthcare, technology, and select chemical companies are also attractive investment options. Return expectations may need to be moderated, as valuation plays a more important role due to rising interest rates. The real estate sector is expected to continue upward due to urbanization and remote work driving demand for larger homes and quality commercial space.