Trent Share Price Tumbles to ₹4,312: Retailer Hits 52-Week Low Despite Q2 Profit Surge- Here Are The Details
On Monday, November 10, the retailer’s shares tumbled over 6% in intraday trade, hitting a fresh 52-week low of ₹4,310 on the BSE. Surprising? YES IT IS.
Perhaps, since the company reported strong double-digit growth in Q2 profit and revenue. So, what’s going on? Analysts point to slower revenue acceleration at store level and concerns over expansion into tier-2 and new stores. While profits are supported by solid cost-control measures, the market seems to be weighing growth potential against short-term hurdles.
Traders, keep your eyes glued!
Trent’s growth story is a bit of a mixed bag right now. Expansion into tier-2 cities and new stores is exciting, but these outlets come with longer “gestation periods,” meaning profits take a little longer to bloom. Slower productivity at some locations has also put a slight damper on overall profitability.
But don’t count the retailer out just yet, smart cost-optimisation measures have been working behind the scenes to support earnings. So, while growth momentum is temperamental, there’s still plenty to watch, and investors might want to keep their binoculars handy!
Current Price: ₹4,312.10 INR
Intraday Change: −315.20 INR (−6.81%) as of 11:56 am, 10 Nov
Earlier Trading: ₹4,317 INR, down 6.66% as of 10:25 am
Trend: Shares hitting intraday lows, reflecting a sharp decline in trading session
(With Inputs)
Also Read: Pine Labs IPO Day 2: Cautious Start, Employee Confidence Shines As Subscription Hits 13%
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
Violence broke out in Assam’s Kokrajhar after a youth was killed following an attack by…
The gold zari that is rich and the texture that is luxurious are the characteristics…
Former Bigg Boss 7 contestant Ajaz Khan trended online after an alleged private video linked…
