Apr 7, 04:24 AM

Trent Ltd Revenue Rises 28.2% to Rs 4,334 Crore, Shares Plunge 19.23%—Worst Day Since March 2020

Trent Ltd, a retail firm under Tata Group, reported a standalone revenue increase of 28.2% for the March quarter, amounting to Rs 4,334 crore, according to a quarterly update released on Saturday. However, on Monday, shares of Trent experienced a sharp decline, crashing by 19.23%, marking their worst day since March 2020. This drop was attributed to concerns over a slowdown in revenue growth, which has reached a four-year low. The stock fell as much as 18% during trading, reflecting investor apprehension regarding the company's financial outlook amidst moderating revenue growth trends.

#Trent Ltd #Tata Group #Trent

Written with ChatGPT (GPT-4o mini).