Share price of Trent falls as Sensex gains 249.88 points
Trent Ltd. dropped 0.32 per cent to Rs 2865.55 at 12:33PM (IST) in Wednesday's trade. The scrip hit a high of Rs 2913.15 and low of Rs 2862.3 so far during the session.
The stock had closed at Rs 2874.95 in the previous session.
The counter had a total traded volume of 12:33PM shares so far with a turnover of Rs 3.21 crore on BSE. The stock traded at a price-to-earnings multiple of 161.82 and a price-to-book ratio of 18.83.
A higher price-to-earnings ratio shows 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 is the measure of the price that investors are ready to pay even for no growth in the business.
Trent Ltd.
belongs to the Retail — Apparel/Accessories industry.
Promotor/FII Holding Promoters held 37.01 per cent stake in the company as of 30-Sep-2023, while overseas investors and domestic institutional investors ownership stood at 26.17 per cent and 14.89 per cent, respectively.
Key Financials The company reported consolidated net sales of Rs 3062.47 crore for the quarter ended 30-Sep-2023, up 14.25 per cent from the previous quarter's Rs 2680.39 crore and up 51.41 per cent from the year-ago quarter's Rs 2022.66 crore.
