Trent: Still a pricey bet on fast fashion retail, stays in top picks

The stock was trading at a trailing price-to-earnings (P/E) multiple of nearly 200 times at the end of September 2024, one of the highest among large-cap stocks

The stock of fashion and lifestyle retailer Trent has been one of the biggest losers among index stocks in the past six months. The stock closed at ₹5,063 on Monday and was up about 3 per cent on Tuesday at around ₹5,200.

 

This is nearly a 38 per cent drop from its all-time high of ₹8,345 on October 14, 2024. 

 

In comparison, the benchmark Nifty 50 index is down around 10 per cent from its all-time high in September 2024.

 

The sharp decline in Trent’s share price from its all-time high is attributed to its pricey valuation and a slowdown