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Customers are extremely positive on Trent's offerings as it absorbed the impact of high raw material prices in the previous fiscal year, as per experts.
Trent shares rose 7.31 per cent to hit a high of Rs 4,669.95 on BSE. Antique Stock Broking said Trent's Q4 sales, Ebitda and profit after tax beat its expectations by 5 per cent, 22 per cent and 45 per cent, respectively.
Trent share price today: The stock rose 7 per cent to hit a high of Rs 3,862.45 on BSE. New concepts in ethnic wear and innerwear may keep Trent’s revenue trajectory higher for longer, analysts said.
The stock climbed 15 per cent to hit a high of Rs 3,489.65 on BSE. The retailer reported a 124 per cent YoY rise in net profit for the December quarter at Rs 374.36 crore compared with Rs 167 crore in the same quarter last year.
Helped by strong momentum in sales, Tata Group owned retail firm Trent Ltd reported a two-fold rise in consolidated net profit to Rs 370.64 crore during December quarter from Rs 154.81 crore in a year ago period.
The domestic equity market was trading higher on Friday. Sensex rose 84 points to 70,949 and Nifty gained 39 pts to 21,293. Here's a look at stocks buzzing in action today.
Shares of Trent surged about 150 per cent from its 52-week low at Rs 1155.10 hit on January 27, 2023. The stock has rallied 110 per cent in the year 2023 so far.
Trent shares hit an intraday low of Rs 2048 against the previous close of Rs 2078.75 on BSE. The stock has climbed 203% in the last three years and gained 529% in five years.