Mumbai, July 7 (IANS) Shares of Trent Limited, the Tata Group’s retail arm, plunged nearly 12 per cent on Tuesday after the company’s June quarter (Q1 FY27) standalone revenue growth fell short of market expectations, triggering sharp selling in the stock.The stock declined as much as 11.93 per cent during the session to an intra-day low of Rs 2,944.60 on the NSE.Trent reported standalone revenue from operations, excluding GST, of Rs 5,666 crore for the June quarter, marking a 19 per cent year-o…
Latest Trent Limited News & Updates
Mumbai, June 24 (IANS) Noel Tata has announced that he will step down as chairman of Trent Limited, bringing to a close an association of nearly three decades with the Tata Group’s flagship retail company. The announcement was made during the company’s 47th Annual General Meeting.Addressing shareholders, Tata said that the meeting would be his last as chairman of the company. The veteran business leader, who will turn 70 in November, is set to retire in line with the Tata Group’s governanc…
Mumbai, April 1 (IANS) Indian stock markets ended Wednesday’s session on a strong note, although they gave up a large part of their early gains as optimism around easing tensions between the US and Iran faded later in the day.The benchmark indices Nifty and Sensex both closed higher, snapping their two-day losing streak.The Nifty settled at 22,679.40, up 348 points or 1.56 per cent, while the Sensex rose 1,186.77 points or 1.65 per cent to end at 73,134.34.Commenting on Nifty technical outlook…
Mumbai, Jan 6 (IANS) Shares of Tata Group retailer Trent Limited plunged sharply on Tuesday, rattling investors despite the company reporting double-digit revenue growth for the December quarter. The stock fell as much as 8.3 per cent to Rs 4,060.65 on the BSE, wiping out nearly Rs 13,000 crore in market capitalisation.The sharp sell-off came even as Trent posted a 17 per cent year-on-year (YoY) rise in standalone revenue to Rs 5,220 crore in the October–December quarter.However, investors foc…