Share price of Trent jumps as Sensex gains 241.92 points

economictimes.indiatimes.com:

Trent Ltd. gained 1.44 per cent to Rs 2000.85 at 12:24PM (IST) in Monday's trade. The scrip has hit a high of Rs 2007.15 and low of Rs 1951.6 so far during the session.

The stock had closed at Rs 1972.3 in the previous session. The counter has had a total traded volume of 11465 shares so far with a value of Rs 227.0 crore on the NSE. It traded at a price-to-earnings multiple of 145.61 and a price-to-book ratio of 18.83.

A higher P/E 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 43.15 per cent during the past one year, while the 30-share index advanced 9.29 per cent during the same period.Trent Ltd.