Share price of Trent falls as Sensex drops 400.0 points

The share price of Trent Ltd. dropped 0.1 per cent to Rs 4662.7 at 01:17PM (IST) in Thursday's trade. The stock has hit a high of Rs 4670.0 and low of Rs 4605.0 so far during the session. The stock had closed at Rs 4667.8 in the previous session.

The counter has had a total traded volume of 3492 shares so far with a value of Rs 1.61 crore on the NSE. It traded at a price-to-earnings multiple of 111.23 and a price-to-book ratio of 34.51.

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 199.09 per cent during the past one year, while the 30-share index advanced 20.37 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-2024, while foreign investors and domestic institutional investors ownership stood at 26.8 per cent and 8.72 per cent, respectively.

Key Financials
The company reported consolidated sales of Rs 3374.57 crore for the quarter ended 31-Mar-2024, down 4.86 per cent from the previous quarter's Rs 3546.95 crore and down 48.79 per cent from the year-ago quarter's Rs 2268.06 crore.

Profit for the latest quarter stood at Rs 704.23 crore, up 1200.28 per cent from the same quarter a year ago.