Trent share price hit a new high of Rs 7,325 in the intraday trade, zooming 261% in the past 10 months
Multibagger stocks: Trent share price has rallied more than 100 per cent for a second straight calendar year
Granules, MCX, Colgate, Trent, Dr.Reddy's, Glenmark Pharma, Voltas, Lupin, Tech Mahindra, Coromandel International and Balrampur Chini among F&O stocks are holding a PCR in excess of 1, shows F&O data
Dressing the part: Cuts a sharp figure on retail runway while peers falter
In the past one year, the stock price of Trent has zoomed 231 per cent, as compared to 23 per cent rise in the BSE Sensex.
Retailers noted that shrinkage is most pronounced in apparel, footwear, and fashion categories, with the next highest rates observed in gadgets such as mobile phones, smartwatches, and headphones
Tata Group's fashion chain appeals to young Indians looking to refresh their wardrobe regularly, says annual report of parent company Trent
Sharp decline in interest costs (lease-related) and higher income from associates (including Zara) helped growth in net profit, which was ahead of estimates
Trent stock price update: Shares of Trent hit a new high of Rs 4,669.95 as they rallied 7 per cent on the BSE in Tuesday's intraday trade
Tata group's retail arm Trent Ltd on Monday reported a multi-fold increase in consolidated net profit at Rs 712.09 crore for the fourth quarter ended March 2024, helped by exceptional item gains. The company had posted a consolidated net profit of Rs 44.95 crore in the January-March quarter a year ago, according to a regulatory filing from Trent Ltd, which operates retail stores under the brand names -- Westside, Zudio and Star. Its consolidated revenue from operations was up 51 per cent to Rs 3,297.70 crore during the quarter under review. It was at Rs 2,182.75 crore in the year-ago period, it added. During the quarter, Trent had a gain of Rs 576.07 crore as it "reassessed the estimates of measurement and recognition of the right of use assets including related security deposits and corresponding lease liabilities" of lease contracts for its store operations. Trent's total expenses were higher at 39.21 per cent in the March quarter to Rs 3,073.54 crore in FY24. "Given the account
The company's market cap crossed Rs 1.5 trillion mark for the first time to hit Rs 1.51 trillion in intraday trade today
The stock markets' enthusiastic response to the results has driven the share up by 25 per cent in just two sessions
FORTUNE'S FAVOURED FEW: Sixty-eight companies blaze a trail, capturing 56% of India's market; PSUs take the lead
Among the Tata Group stocks, shares of Tata Motors could potentially top the Rs 900-mark, while a select few could gain in the range of 15 - 19 per cent from present levels.
Aggressive expansion and healthy like-for-like growth led to the third consecutive quarter of Rs 2,000 crore plus revenues
Thus far in the current calendar year 2023, the stock price of Trent has rallied 25 per cent, while in past one year it surged 53 per cent.
Higher costs and lower value segment, however, hit margins in Q4
Trent said, the Star business with tight footprint stores and focus on fresh foods & own brands offering continue to witness improved customer traction with growing sales densities.
Tata Group retail arm Trent on Thursday reported an on-year 41 per cent jump in standalone net income at Rs 193 crore in the September quarter, driven by robust revenue. Revenue, including GST, rose 78 per cent to Rs 1,929 crore, which is the highest ever for a quarter, the company said in a statement. On a consolidated level, revenues rose 66 per cent to Rs 1,952 crore and the company earned a net income of Rs 93 crore in the second quarter of the current fiscal. Trent's Chairman Noel Tata said their fashion concepts have once again displayed encouraging growth momentum in the second quarter and the company continues to expand its reach and reinforce its lifestyle offerings across concepts, categories and channels. Trent operates five brands/formats -- the flagship premium Westside; the value format fashion destination Zudio; the food, grocery and daily needs segment under Trent Hypermarket and also under the Star banners, and the family entertainment format store Landmark ...
In the past 5 trading sessions alone, the share price of Trent Ltd has jumped 11 per cent. On NSE, Trent rose 4.63 per cent to close at Rs 1,475.30, on Wednesday