Trent shares up 0.88% as Nifty gains
Trent Ltd. rose 0.88 per cent to Rs 2567.4 in Friday's trade. It hit an intraday high of Rs 2613.75 and low of Rs 2545.0, respectively, during the day.
The stock quoted a 52-week high price of Rs 2613.75 and low of Rs 1155.1.
As of 11:31AM (IST), the counter saw total traded volume of 12,394 shares with a traded value of Rs 3.19 crore, according to NSE.
The stock had closed at Rs 2545.05 in the previous session.
The scrip has advanced 23.56 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -0.4 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 145.0 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-Sep-2023, while FII and MF ownership in the firm stood at 26.17 per cent and 8.44 per cent, respectively.
