Trent Share Price Slides Sharply, Amid Global Chaos
On Tuesday, January 6, Trent stock faced a tough beginning, falling by 8.34% to an intraday low of ₹4,060 on the NSE, after its business update for the December quarter was not well received by investors. The BSE also reflected the same scenario, with a drop of 8.32% in the stock price and, simultaneously, an increase in trading volumes. Evidently, the market had higher expectations, and it did not hesitate to express its discontent.
Q3 Business Update: Trent Share Price Under Pressure Despite Revenue Growth
-
Revenue: Standalone revenue rose 17% YoY to ₹5,220 crore, up from ₹4,466 crore last year
-
Store Additions (Q3):
-
Westside: 17 new stores
-
Zudio: 48 new stores
-
-
Total Store Portfolio:
-
Westside: 278 stores
-
Zudio: 854 stores (including 4 in the UAE)
-
Other lifestyle formats: 32 stores
-
Despite steady revenue growth and aggressive store expansion, the update failed to excite the market, weighing on the Trent share price.
Trent Share Price Slides As Heavy Volumes And Weak Sentiment Pressure The Stock
| Metric | Details |
|---|---|
| Trading Volumes (NSE) | 24.46 lakh shares traded |
| Average NSE Volume | 5.75 lakh shares |
| Volume Surge | 4.3× higher than average |
| Trading Volumes (BSE) | 1.02 lakh shares traded |
| Recent BSE Average | ~66,000 shares |
| Trent Share Price (9:44 AM) | ₹4,115 |
| Intraday Change | Down 7.11% |
| Benchmark Comparison | Underperformed NIFTY50 |
| NIFTY50 Status | Flat with negative bias |
Brokerages Split On Trent Share Price Outlook As Expansion Continues But Growth Worries Linger
The opinions of different brokerages regarding Trent were varied. Citi pointed out that the company’s revenue increased by 16.9% year-on-year due to faster store additions, but at the same time flagged a decline in productivity. Morgan Stanley maintained its optimistic view on expansion momentum, whereas UBS remained cautious, calling Q3 another weak quarter amid a slower growth trajectory.