From the Sensex30 pack, Tech Mahindra, Infosys, L&T, Mahindra and Mahindra and Eternal (Zomato) were among the top laggards.
Technical outlook on Tata group stocks: Chart suggests up to 16% downside risk for Tata Motors, Titan, Trent and Tata Power; here are the key levels to track on these shares.
Trent shares fall 12% on weak Q1 growth; brokerages cite valuation mismatch, slowing momentum in fashion, and downgrade targets despite optimism on new verticals
Tata group's retail arm Trent Ltd on Friday said its standalone revenue for the June quarter was up 19.7 per cent to Rs 5,061 crore. Trent's standalone revenue for the corresponding June quarter a year ago was at Rs 4,228 crore, according to a regulatory filing from the company. The company, which operates retail stores under brand names like Westside, Zudio and Star, said the June quarter topline does not include the revenue from the overseas market. "As of June 30, 2025, our store portfolio included 248 Westside, 766 Zudio (including 2 in UAE) and 29 stores across other lifestyle concepts," the company said in the regulatory filing. During the April-June period, Trent opened one store for Westside and 11 of its value offering format Zudio, which targets the affordable fast-fashion segment. Shares of Trent Ltd were trading at Rs 5,677.20 on BSE, down 8.23 per cent from its previous close.
The downgrade comes after Trent's AGM, where the company indicated that its fashion segment is expected to grow about 20% in Q1FY26E, considerably lower than its five-year CAGR of 35% over FY20-25.