The Nifty50 pared gains after hitting fresh record highs on Tuesday in intraday trade. The S&P BSE Sensex fell nearly 200 points while the Nifty50 closed in the red after hitting a record high of 22,783. Sectorally, buying was seen in power, realty, and auto while energy, oil & gas, healthcare, and IT stocks saw … Read more
Fashion and lifestyle player Trent on Monday reported a multifold jump in consolidated net profit at Rs 712 crore for the quarter ended March 31, 2024. The profit stood at Rs 45 crore in the corresponding quarter last fiscal. The company reported a revenue of Rs 3,298 crore, up 51% year-on-year (YoY) from Rs 2,183 … Read more
Trent shares jumped nearly 4% in Thursday’s trade to fresh 52-week high of Rs 3,737.50 on strong December quarter earnings and target upgrades by a clutch of brokerages including Jefferies, Morgan Stanley and Nuvama. While earnings remain strong quarter-on-quarter, Jefferies flagged current valuations. The stock has extended its gains to 23% in two sessions. Fashion … Read more
