Trent shares down 0.88% as Nifty drops

Trent shares down 0.88% as Nifty drops
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Synopsis

A total of 5,052 shares changed hands on the counter till 11:02AM (IST).

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NEW DELHI: Shares of . traded 0.88 per cent down in Wednesday's trade at 11:02AM (IST). Around 5,052 shares changed hands on the counter.

The stock opened at Rs 1202.8 and touched an intraday high and low of Rs 1210.0 and Rs 1185.3, respectively, in the session so far. The stock of Trent Ltd. quoted a 52-week high of Rs 1571.0 and a 52-week low of Rs 983.7.

Total market cap of the Trent Ltd. stood at Rs 42338.56 crore at the time of writing this report.

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

The net profit for latest quarter stood at Rs 93.02 crore, up 0.48 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, DIIs held 9.47 per cent stake in the company, while foreign institutional investors held 24.76 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 116.51 and a price-to-book ratio of 19.19. 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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