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HomeNewsMarketingTrent shares up 1.11% as Nifty gains

Trent shares up 1.11% as Nifty gains

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Shares of Trent Ltd. rose 1.11 per cent to Rs 5454.95 in Monday’s trade. It hit an intraday high of Rs 5459.6 and low of Rs 5365.35, respectively, during the day.

The stock quoted a 52-week high price of Rs 5751.4 and low of Rs 1672.0.

As of 12:53PM (IST), the counter saw total traded volume of 11,070 shares with a traded value of Rs 5.98 crore, according to NSE.

The stock had closed at Rs 5394.9 in the previous session.

The scrip has declined -0.43 per cent in the past one month till date, while the benchmark BSE Sensex has gained 3.59 per cent during the same period. According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 130.07 while price-to-book ratio stood at 34.51. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the Retail – Apparel/Accessories industry. Promoter/FII Holding
Promoters held 37.01 per cent stake in the company as of 30-Jun-2024, while FII and MF ownership in the firm stood at 27.87 per cent and 8.5 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3374.57 crore for the quarter ended 31-Mar-2024, down 4.86 per cent from the previous quarter’s Rs 3546.95 crore and down 48.79 per cent from the year-ago quarter’s Rs 2268.06 crore. Its net profit for the latest quarter stood at Rs 704.23 crore, up 1200.28 per cent from the same quarter a year ago.

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