Trent market cap hits ₹1 lakh crore as shares touch new all-time high

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Trent, the retail arm of Tata Group, hit a new all-time high of ₹2,826 apiece in Friday's trade. This historic high has propelled the company's market capitalization to cross ₹1,00,000 crore mark. When considering the stock's highest price of ₹2,826, its market capitalization touched ₹1,00,464 crore today.

Remarkably, Trent has added 52% to its market cap in 2023 alone. Starting the year at ₹1,358 per share, the stock has experienced an extraordinary surge of 107% to its current level of ₹2,816. According to the latest BSE data, there are currently 62 stocks with a market capitalization exceeding ₹one lakh crore.

Also Read: Titan Stock Check: M-cap crosses ₹3 lakh crore; should you buy now? The stock showed strength in 09 out of the last 11 months. The standout months were November, which saw a robust 29.35% gain, and August and May, with returns of 16.60% and 14.09%, respectively. What's even more impressive is that the stock has shown remarkable consistency, concluding eight out of the last nine years in positive territory and delivering steady returns to its investors.

Among these, 2023 stands out as the best yearly performance, surpassing the previous record in CY17 when shares rallied 68.24%. Trent operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one-stop destination for great fashion at great value and Trent Hypermarket, which operates in the competitive food, grocery, and daily needs segment under the Star banner.