TRENT Share Price Down by 5%; BSE 500 Index Down 1.2%
November 25, 2020 02:48 PM

TRENT share price has plunged 5% and is presently trading at Rs 775.

Meanwhile, the BSE 500 Index is at 17,134 (down 1.2%).

Among the top losers in the BSE 500 Index today are TRENT (down 5.1%) and L&T INFOTECH (down 6.6%).

SHILPA MEDICARE (up 9.2%) and INDIAN OVERSEAS BANK (up 8.9%) are among the top gainers today.

Over the last one year, TRENT has moved up from Rs 507 to Rs 775, registering a gain of Rs 268 (up 52.9%)..

The BSE 500 has moved up from 15,555 to 17,134, registering a gain of 1,579 points (up 10.2%) during the last 12 months.

The top buzzing stocks among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 902.4%), LAURUS LABS (up 323.3%) and DIXON TECHNOLOGIES (up 239.5%).

What About the Benchmark Indices?

The BSE Sensex is at 44,825 (down 1.4%). The top gainers among the BSE Sensex stocks today are ONGC (up 5.8%). The most traded stocks in the BSE Sensex are SBI and ONGC.

In the meantime, NSE Nifty is at 13,146 (down 1.3%). ONGC (up 5.7%) and GAIL (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 40,889 to 44,825, registering a gain of 3,936 points (up 7.37%).

TRENT Financial Update...

TRENT net profit down at Rs 26 million for the quarter ended March 2020, compared to a loss of Rs 557 million a year ago. Net Sales declined 16.9% to Rs 7.2 billion during the period as against Rs 8.7 billion in January-March 2019.

For the year ended March 2019, TRENT reported 2.9% decrease in net profit to Rs 1.1 billion compared to net profit of Rs 1.1 billion during FY18.

Revenue of the company grew 21.9% to Rs 26 billion during FY19.

The current Price to earnings ratio of TRENT, based on rolling 12 month earnings, stands at 15.8x.