The Tata company's stock has jumped to 129% this year and is ranking at the No.3 spot on the Bloomberg World Retail Index. Trent, a parent company of Zudio, is going to be included in India's benchmark NSE Nifty 50 by next month.
Trent sales have suddenly increased by 56% this quarter after beating competitors Aditya Birla Fashion and Retail and Avenue Supermarts. On 27 August 2024, over 6.8 Lakhs of Trent shares were sold at Rs 6,925 per share. Trent saw a significant deal of stake worth Rs 470 Crores being sold.
Trent stock has jumped 130% this year, more than doubled since January. Sreeram Ramdas, vice president of Green Portfolio Pvt, said Trent's metrics had outperformed its competitors significantly when market conditions lowered. Trent's market value is nearly approaching $30 Billion.
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