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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.
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.
Trent shares hit an intraday high of Rs 1616.30 against the previous close of Rs 1601.95 on BSE. Market cap of the firm rose to Rs 57,430 crore on BSE.