Trent shares up 0.33% as Nifty gains
Trent Ltd. traded 0.33 per cent up in Thursday's trade at 12:39PM (IST). Around 3,037 shares changed hands on the counter.
The counter opened at Rs 1720.25 and touched an intraday high and low of Rs 1724.3 and Rs 1702.3, respectively, in the session so far. The stock 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 61134.96 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 same quarter a year ago.Shareholding pattern As of 30-Jun-2023, domestic institutional investors held 9.14 per cent stake in the company, 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 137.48 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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