Trent shares up 2.05% as Nifty gains
Trent Ltd. traded 2.05 per cent up in Wednesday's trade at 10:30AM (IST). Around 10,205 shares changed hands on the counter.
The counter opened at Rs 3129.65 and touched an intraday high and low of Rs 3189.5 and Rs 3116.0, respectively, in the session so far. The stock of Trent Ltd. quoted a 52-week high of Rs 3189.5 and a 52-week low of Rs 1155.1.
As per BSE, the total market cap of the Trent Ltd. stood at Rs 112773.06 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 3062.47 crore for the quarter ended 30-Sep-2023, up 14.25 per cent from previous quarter's Rs 2680.39 crore and up 51.41 per cent from the year-ago quarter's Rs 2022.66 crore.
The net profit for latest quarter stood at Rs 234.73 crore, up 152.34 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, DIIs held 8.44 per cent stake in the firm, while foreign institutional investors held 26.17 per cent and the promoters 37.01 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 179.18 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.
