Trent share price crashes 6% to 52-week low despite rise in Q2 profit. What’s behind the fall in Tata group stock?
Shares of retailer Trent Limited cracked over 6% in intraday trade on Monday, November 10, to a fresh 52-week low even as the company posted a double-digit growth in the second quarter profit and revenue.
The fall comes as analysts highlighted that significant cost-control measures bolstered the current earnings, and the revenue growth acceleration remains a key trigger for Trent.
