Trent up for third straight day, surges 18% post December quarter results

Trent reported 38 per cent year on year (YoY) growth in its standalone net profit at Rs 56 crore in December quarter (Q3FY20)

Trent was trading higher for the third straight day, up 5 per cent on the BSE on Monday to hit a new high of Rs 697 in an otherwise weak market.

The stock of the Tata Group company has rallied 18 per cent in the past three trading days after reporting 38 per cent year on year (YoY) growth in its standalone net profit at Rs 56 crore in December quarter (Q3FY20).  Revenue from operations jumped 32.5 per cent to Rs 870 crore on YoY basis.

In Q3FY20, Trent has displayed strong 13 per cent/35 per cent beat