Share price of Trent falls as Sensex drops 293.65 points

Share price of Trent Ltd. dropped 0.15 per cent to Rs 1988.35 at 12:38PM (IST) in Wednesday's trade. The scrip hit a high of Rs 2009.55 and low of Rs 1977.9 so far during the session. The stock had closed at Rs 1991.45 in the previous session.

The counter had a total traded volume of 12:38PM shares so far with a turnover of Rs 0.75 crore on BSE. The stock traded at a price-to-earnings multiple of 145.15 and a price-to-book ratio of 18.83.

A higher price-to-earnings 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 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.

Promotor/FII Holding
Promoters held 37.01 per cent stake in the company as of 30-Sep-2023, while foreign investors and domestic institutional investors ownership stood at 26.17 per cent and 14.89 per cent, respectively.

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

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