Trent peaks on sales expectations
DALAL STREET SPIKES
| The stock closed at the upper circuit limit of Rs 476.15, with volume accounting for more than 2.29 lakh shares on the BSE. |
| Market analysts said the counter is witnessing renewed buying on hopes of strong festive season sales. |
| Also, reports that the company may consider a bonus issue has resulted in a sharp spurt in the stock price, said a dealer with a domestic broking firm. |
| Trent has been in the limelight of late. From a low of Rs 351.60 on November 5, 2004, the stock has risen 35.6 per cent in the last six trading sessions to Tuesday's close of Rs 476.15. |
| Analysts said textile sector stocks are attracting renewed buying from foreign funds ahead of the end of the quota regime in 2005. |