Trent shares were trading 5.69% higher at Rs 5,292 on the BSE. The firm’s market cap touched Rs 1.88 lakh crore.
Shares of Trent Ltd, the retail arm of Tata Group, rose over 5% on Tuesday after the Tata Group firm reported strong growth in Westside stores in the fourth quarter, the highest growth recorded in at least the last two years.
The company’s website shows Westside has 269 stores compared to 238 stores by December 2024. The number of Judio stores was 672, meaning 37 stores were added in the fourth quarter.
Trent shares gained 305%, 383% and 673% in two years, three years and five years, respectively. The Multibagger stock is neither oversold nor overbought on the chart, its RSI is 38.5.
Trent stock is trading higher than 5 day, 10 day, 20 day but lower than 30 day, 50 day, 100 day, 150 day and 200 day moving averages.
Trent stock had hit a record high of Rs 8,345.85 on October 14, 2024. It has declined 37% since then.
It has witnessed high volatility in the last one year with a beta of 1.1. The stock was trading 5.69% higher at Rs 5,292 on the BSE. The market cap of the firm stood at Rs 1.88 lakh crore.
Trent reported a 33.9 per cent rise in consolidated net profit at Rs 496.54 crore in the third quarter as against Rs 370.64 crore in the same period last year.
