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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.
V-Mart Retail, Dilip Buildcon Ltd, Rajesh Exports, Gujarat Mineral Development Corp, UPL and Laurus Labs were among some of the companies that saw steep cuts in earnings estimates for FY25.
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.
Over the past six months, shares of Trent have more than doubled investors’ wealth, jumping 105 percent. In comparison, the benchmark index Nifty 50 has risen around 12 percent during the same time period.
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.