Tejas Networks Share Price today
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%
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