This Tata Group Stock Hits All Time High, Market Capitalization Crosses 50,000 Crore Mark

Shares of Tata Group stock Trent Ltd has today hit all-time high of Rs 1482.90 apiece on the BSE. The stock's market capitalization has also gone beyond Rs 50,000 crore mark and with this the company has now joined the list of top 100 companies in terms of market capitalization.

Currently, the company's market capitalization is recorded at Rs 52,437.96 crore. Check the key details below:

Trent Ltd stock outlook

The current market price of the stock is Rs 1475 apiece with a gain of 4.60% in today's trading. The stock opened at Rs 1419 apiece and touched the high of Rs 1482.90 apiece.

Trent Ltd 52-Week High/Low

The stock's 52-week high is Rs 1482.90 and 52-week low is Rs 866 apiece, respectively.

Trent Ltd Returns

The stock has given 442% return in the last 5 years, 215% return in last 3 years, and 66% return in 1 year. The share has given a return of 12% in just 1 week.

Trent Ltd Dividend history

The company has been maintaining a good dividend history and declared dividend regularly in the last 5 years. The company has declared an equity dividend of 170% or Rs 1.7 per share for the year ending March 2022. The company has a dividend yield of 0.12.

Trent Ltd Q1 Results

The company declared its Q1 results on August 11, 2022. Trent Ltd declared a consolidated net profit of Rs 114.93 crore in the first quarter of the current financial year. The company had posted a net loss of Rs 138.29 crore in the April-June quarter a year ago, Trent said in a BSE filing.

Trent Ltd Revenue and expenses

Trent's revenue from operations in the April-June quarter of FY22 was at Rs 491.99 crore. Total expenses of Trent were at Rs 1,734.,28 crore in Q1 FY23 as against Rs 674.88 of the corresponding quarter last fiscal.

Trent Ltd Financial performance

"The group's financial performance for the corresponding quarter of the previous year had been impacted by Covid-related business disruptions. The relative operating performance for a few weeks in Q4FY22 had also got impacted due to temporary restrictions imposed in wake of the third Covid wave.

However, Covid-related disruptions have declined thereafter," according to Trent.

About Trent

Established in 1998 and part of the Tata group, Trent is headquartered in Mumbai but has pan-India operations. Trent is one of the leading players in the branded retail industry in India. The company primarily operates stores across four formats namely Westside, Zudio, Star, and Landmark.