Trent shares up 0.45% as Nifty gains

NEW DELHI: Shares of Trent Ltd. traded 0.45 per cent up in Thursday's trade at 01:37PM (IST). Around 12,050 shares changed hands on the counter.

The counter opened at Rs 1565.5 and touched an intraday high and low of Rs 1573.25 and Rs 1550.0, respectively, in the session so far. Shares of the company of Trent Ltd. quoted a 52-week high of Rs 1594.95 and a 52-week low of Rs 1009.0.

Total market cap of the Trent Ltd. stood at Rs 55797.31 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 2268.06 crore for the quarter ended 31-Mar-2023, down 4.11 per cent from previous quarter's Rs 2365.24 crore and down 65.19 per cent from the year-ago quarter's Rs 1372.97 crore.

The net profit for latest quarter stood at Rs 54.16 crore, up 33750.0 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, DIIs held 8.91 per cent stake in the firm, while foreign institutional investors held 24.43 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 125.47 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.