Share price of Trent jumps as Sensex gains 505.46 points
Trent Ltd. gained 1.33 per cent to Rs 2049.2 at 11:16AM (IST) in Thursday's trade. The stock has hit a high of Rs 2062.75 and low of Rs 2031.7 so far during the session.
The stock had closed at Rs 2022.3 in the previous session.
The counter has had a total traded volume of 5096 shares so far with a value of Rs 1.04 crore on the NSE. It traded at a price-to-earnings multiple of 148.99 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 43.04 per cent during the past one year, while the 30-share index advanced 16.14 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 foreign investors and domestic institutional investors ownership stood at 25.01 per cent and 9.14 per cent, respectively.
