Shares of Trent, a retail firm of the Tata group, opened in green on Thursday, April 23, 2206, even as equity benchmark indices Sensex and Nifty tumbled in early trade as crude oil prices once again breached the USD100 per barrel mark and persistent foreign fund outflows. The action comes as the company has announced strong financial results for the January-March quarter and a first-ever bonus issue. They started the trading session at Rs 4438, with a gain of Rs 2.4 against the previous close of Rs 4435.60 on the BSE. Amid a spurt in volume by more than 1.74 times, the stock advanced to touch the high of Rs 4,478.65, representing a gain of Rs 43.05 or 0.97 per cent.
However, the stock witnessed some profit booking at higher levels, and the stock fell to touch the intraday low of Rs 212.45. Last seen, the stock was trading at Rs 215.10, with a fall of Rs 0.35 or 0.16 per cent, and the market cap of the company stood at Rs 4,14,813.78 crore.
Trent bonus issue ratio
The board of directors of the company has approved the first-ever bonus issue in the ratio of 1:2, i.e. shareholders will get 1 equity share for every 2 equity shares held.
The company has also recommended a dividend of 600 per cent, which is Rs 6 per equity share of Re 1 each.
However, the dividend is subject to shareholder approval. If approved, it shall be paid on or after the third day from the conclusion of the 74th Annual General Meeting (AGM).
Trent's quarterly results
The company has reported a 32.57 per cent on-year increase in consolidated net profit to Rs 413.1 crore for the March quarter of FY'26. It had posted a consolidated net profit of Rs 311.6 crore in the January-March quarter a year ago. Tren operates retail stores under the brand names Westside, Zudio and Star.
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(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
