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12-Aug2016

Trent surges on reporting 61% growth in Q1 net profit

Trent is currently trading at Rs. 1909.05, up by 32.30 points or 1.72% from its previous closing of Rs. 1876.75 on the BSE.

The scrip opened at Rs. 1900.00 and has touched a high and low of Rs. 1920.50 and Rs. 1887.20 respectively. So far 1053 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1920.50 on 12-Aug-2016 and a 52 week low of Rs. 1160.00 on 10-Sep-2015.

Last one week high and low of the scrip stood at Rs. 1920.50 and Rs. 1839.95 respectively. The current market cap of the company is Rs. 6317.67 crore.

The promoters holding in the company stood at 32.61%, while institutions and non-institutions held 42.99% and 24.40% respectively.

Trent has reported 60.69% jump in its net profit at Rs 23.30 crore for the quarter as compared to Rs 14.50 crore for the same quarter in the previous year. Total income of the company increased by 15.87% at Rs 415.30 crore for quarter under review as compared to Rs 358.41 crore for the quarter ended June 30, 2015.

Trent is part of the Tata Group and is engaged in business of retailing. Trent acquired 76% stake in Landmark, one of the largest books and music retail chains in the India.


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