Trent shares down 0.32% as Nifty drops
Trent Ltd. traded 0.32 per cent down in Wednesday's trade at 01:49PM (IST). Around 8,369 shares changed hands on the counter.
The stock opened at Rs 1706.05 and touched an intraday high and low of Rs 1715.7 and Rs 1679.0, respectively, in the session so far. Shares of the company of Trent Ltd. quoted a 52-week high of Rs 1791.6 and a 52-week low of Rs 1155.1.
As per BSE, the total market cap of the Trent Ltd. stood at Rs 60423.98 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 2268.06 crore for the quarter ended 31-Mar-2023, down 4.11 per cent from previous quarter's Rs 2365.24 crore and down 65.19 per cent from the year-ago quarter's Rs 1372.97 crore. The net profit for latest quarter stood at Rs 54.16 crore, up 33750.0 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 9.14 per cent stake in the firm, while foreign institutional investors held 25.01 per cent and the promoters 37.01 per cent.Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 135.88 and a price-to-book ratio of 18.83.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.
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