Trent shares up 0.22% as Nifty falls
Trent Ltd. rose 0.22 per cent to Rs 1708.9 in Thursday's trade. It hit an intraday high of Rs 1725.95 and low of Rs 1702.65, respectively, during the day.
The stock quoted a 52-week high price of Rs 1791.6 and low of Rs 1155.1. As of 11:52AM (IST), the counter saw total traded volume of 3,449 shares with a traded value of Rs 5905.0 crore, according to NSE. The stock had closed at Rs 1705.3 in the previous session.
The scrip has declined -1.89 per cent in the past one month till date, while the benchmark BSE Sensex has gained 5.57 per cent during the same period. According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 136.69 while price-to-book ratio stood at 18.83. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business. The stock belongs to the Retail — Apparel/Accessories industry.Promoter/FII Holding Promoters held 37.01 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 25.01 per cent and 9.14 per cent, respectively.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 the previous quarter's Rs 2365.24 crore and down 65.19 per cent from the year-ago quarter's Rs 1372.97 crore. Its net profit for the latest quarter stood at Rs 54.16 crore, up 33750.0 per cent from the same quarter a year ago.
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