Big record of these shares of Tata group!
Do you know that Tata Group has got a lot of profit in the shares, it will go a long way if it continues on this position, then you know that despite being a very big company, you have spread a big hand in the share market too, I have spread this whole post. With information in.Let me tell you, let’s know.,
Trent is a Tata group company that owns shares of the Tata group. Who looks after the retail business in India. The share of this company reached Rs 1,479 on 17 August 2022. The market capitalization of the company has crossed 50,000 crores.
With this, the company has become one of the top 100 companies in terms of market capitalization. The shares of this company have gained 11% in the last five days. The share of this company as on 18 February 2022 was Rs 1045. Which has reached Rs 1479 on 17 August 2022. That is, in the last 6 months, this stock has given about 40 percent refund.
115 crore profit in the first quarter
Tata Group’s retail company Trent Limited has posted a net profit of Rs 115 crore in the first quarter of the current financial year. Whereas, there was a loss of Rs 138 crore in the last year’s quarter.
The company’s revenue during the April to June quarter stood at Rs. 1,803 crores. Which was Rs 492 crore last year due to the impact of the pandemic. That is, almost triple.
The company said – poor performance due to Kovid
During the first quarter of the financial year 2021-22, ie between April-June 2021, there was a ban on business due to the Kovid epidemic. Due to this the company suffered losses. Similarly, in the fourth quarter of FY 2021-22 i.e. January-March 2022, the third wave of Kovid has reduced the company’s profits.
However, the company’s profits have been increasing since then. Commenting on the company’s report, ICICI Securities said, “Trent has excelled in challenging times. It has strengthened the liquidity position in the market with cash and investments.
What is Trent’s business?
Trent Company has been doing retail business in India since 1998. The company offers branded fashion apparel, footwear, home goods and accessories for women, men and children.