Trent share price continues to fall. Should you buy, sell or hold?
Shares of Tata Group’s Trent Ltd. continued their decline, falling as much as 3.5% to a day’s low of Rs 6,270 on Friday.
At 11:24 am, Trent’s share price was down 2.69% to Rs 6,323.55 on the Bombay Stock Exchange (BSE). In the previous session, Trent shares fell 8%.
Therefore, the company’s stock has fallen 10% in just two trading sessions.
Trent’s shares began falling on Thursday after the company reported results that slightly missed high market expectations.
For the quarter, Trent’s revenue rose 39% to Rs 4,157 crore, compared to Rs 2,982 crore in the same quarter last year. Net profit stood at Rs 335 crore.
Depreciation expenses for the quarter rose to Rs 197 crore, up from Rs 152 crore in the same period last year, while profit…
