Trent shares up 1.82% as Nifty drops
Trent Ltd. traded 1.82 per cent up in Monday's trade at 10:46AM (IST). Around 25,598 shares changed hands on the counter.
The counter opened at Rs 1858.05 and touched an intraday high and low of Rs 1960.15 and Rs 1858.05, respectively, in the session so far. Shares of the company of Trent Ltd. quoted a 52-week high of Rs 1960.15 and a 52-week low of Rs 1155.1.
As per BSE, the total market cap of the Trent Ltd. stood at Rs 67132.03 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 2680.39 crore for the quarter ended 30-Jun-2023, up 18.18 per cent from previous quarter's Rs 2268.06 crore and up 45.12 per cent from the year-ago quarter's Rs 1846.98 crore. The net profit for latest quarter stood at Rs 173.48 crore, up 32.92 per cent from the corresponding quarter last year.Shareholding pattern As of 30-Jun-2023, DIIs 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 P/E multiple of 137.66 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. belongs to the Retail — Apparel/Accessories industry.
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