Share price of Trent falls as Sensex drops 604.18 points

Share price of Trent falls as Sensex drops 604.18 points
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Synopsis

Promoters held 37.01 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 26.82 per cent and 8.25 per cent, respectively.

Reuters
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
The share price of . dropped 1.09 per cent to Rs 1316.2 at 10:46AM (IST) in Friday's trade. The counter has hit a high of Rs 1333.0 and low of Rs 1306.4 so far during the session. The stock had closed at Rs 1330.65 in the previous session.

The counter has had a total traded volume of 5435 shares so far with a value of Rs 0.72 crore on the NSE. It traded at a price-to-earnings multiple of 128.44 and a price-to-book ratio of 19.19.

A higher P/E ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 26.28 per cent during the past one year, while the 30-share index advanced 6.93 per cent during the same period.

Trent Ltd. belongs to the Retail - Apparel/Accessories industry.

Promotor/FII Holding
Promoters held 37.01 per cent stake in the company as of 30-Sep-2022, while foreign investors and domestic institutional investors ownership stood at 26.82 per cent and 8.25 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 2022.66 crore for the quarter ended 30-Sep-2022, up 9.51 per cent from the previous quarter's Rs 1846.98 crore and up 65.04 per cent from the year-ago quarter's Rs 1225.52 crore.

Profit for the latest quarter stood at Rs 93.02 crore, up 0.48 per cent from the same quarter a year ago.
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