Share price of Trent jumps as Sensex gains 41.47 points
Trent Ltd. gained 1.13 per cent to Rs 2051.95 at 11:22AM (IST) in Wednesday's trade.
The stock has hit a high of Rs 2056.05 and low of Rs 2032.55 so far during the session. The stock had closed at Rs 2028.85 in the previous session.
The counter has had a total traded volume of 14256 shares so far with a value of Rs 291.0 crore on the NSE.
It traded at a price-to-earnings multiple of 149.47 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 52.54 per cent during the past one year, while the 30-share index advanced 9.42 per cent during the same period.
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-Jun-2023, while FIIs and domestic institutional investors ownership stood at 25.01 per cent and 9.14 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 2680.39 crore for the quarter ended 30-Jun-2023, up 18.18 per cent from the previous quarter's Rs 2268.06 crore and up 45.12 per cent from the year-ago quarter's Rs 1846.98 crore.
Profit for the latest quarter stood at Rs 173.48 crore, up 32.92 per cent from the same quarter a year ago.
