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The brokerage sees LTIM benefiting from revenue and cost synergies.

Trent is a leading fashion retailer selling 100% in-house brands across the apparel, innerwear, accessories, and footwear categories. The company is best known for its flagship Westside format (59.5% of FY2023E standalone revenue) but has rapidly scaled up the Zudio format as well (39.9% of FY2023E revenue).

A total of 12,266 shares changed hands on the counter till time (IST).

The reaffirmation in the rating assigned to the bank facilities of Sigachi Industries continues to derive strength from the proven track record, vast experience of the promoters with the qualified management team, integrated and accredited manufacturing facilities, strong network base, favourable location of units, satisfactory financial risk profile, adequate liquidity and stable industry outlook.

On the technical charts, the RSI of the stock stood at 35.81.

The stock quoted a 52-week high price of Rs 115.0 and a 52-week low of Rs 62.29.

The total volume in DeFi is currently $1.90 billion, 6.90% of the total crypto market 24-hour volume. The volume of all stablecoins is now $26.47 billion, 96.34% of the total crypto market 24-hour volume.

“The market tends to be volatile and so the impact of steep Fed rate hikes and quantitative tightening always happens with a lag and the economic impact of that will be seen in the next 2-4 months. We have to keep all those factors in mind. Markets are at a fair valuation and expect a reasonably range-bound to volatile market, which could do well in the second half of the year. ”

The stock bottomed out near 80 levels when it hit a 52-week low of Rs 83 on 20 June 2022. The stock has been making higher highs and higher lows on the monthly charts for the past 4 months.

A total of 68,949 shares changed hands on the counter till 12:51PM (IST)