Trent shares up 0.24% as Nifty drops

NEW DELHI: Shares of Trent Ltd. traded 0.24 per cent up in Wednesday's trade at 11:47AM (IST). Around 4,897 shares changed hands on the counter.

The counter opened at Rs 2079.5 and touched an intraday high and low of Rs 2086.35 and Rs 2059.0, 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 73226.86 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 corresponding quarter last year.

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 price-to-earnings multiple of 150.16 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.