The Economic Times daily newspaper is available online now.

    Share price of Trent falls as Sensex drops 193.69 points

    Synopsis

    Promoters held 37.01 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 24.43 per cent and 8.91 per cent, respectively.

    stock-market-5---GettyGetty Images
    The share price of Trent Ltd. dropped 1.55 per cent to Rs 1684.85 at 02:08PM (IST) in Thursday's trade. The stock has hit a high of Rs 1715.0 and low of Rs 1684.85 so far during the session. The stock had closed at Rs 1711.45 in the previous session.

    The counter has had a total traded volume of 14086 shares so far with a value of Rs 2.38 crore on the NSE. It traded at a price-to-earnings multiple of 135.26 and a price-to-book ratio of 18.83.

    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 53.8 per cent during the past one year, while the 30-share index advanced 16.08 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 31-Mar-2023, while FIIs and domestic institutional investors ownership stood at 24.43 per cent and 8.91 per cent, respectively.

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

    Profit for the latest quarter stood at Rs 54.16 crore, up 33750.0 per cent from the same quarter a year ago.
    Experience Your Economic Times Newspaper, The Digital Way!
    • Front Page
    • Pure Politics
    • Companies & Economy
    • ET Markets
    • More
      (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

      Download The Economic Times News App to get Daily Market Updates & Live Business News.

      Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
      ...more
      The Economic Times

      Stories you might be interested in