Trent shares down 2.71% as Nifty drops

NEW DELHI: Shares of Trent Ltd. traded 2.71 per cent down in Friday's trade at 02:11PM (IST). Around 20,969 shares changed hands on the counter.

The scrip opened at Rs 2069.5 and touched an intraday high and low of Rs 2069.5 and Rs 2001.1, respectively, in the session so far. Shares of the company of Trent Ltd. quoted a 52-week high of Rs 2090.95 and a 52-week low of Rs 1155.1.

As per BSE, the total market cap of the Trent Ltd. stood at Rs 71506.3 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 2680.39 crore for the quarter ended 30-Jun-2023, up 18.18 per cent from previous quarter's Rs 2268.06 crore and up 45.12 per cent from the year-ago quarter's Rs 1846.98 crore.

The net profit for latest quarter stood at Rs 173.48 crore, up 32.92 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2023, DIIs held 9.14 per cent stake in the company, while foreign institutional investors held 25.01 per cent and the promoters 37.01 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 146.63 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.