Latest news with #Trent
Business Standard
10 hours ago
- Business
- Business Standard
Trent drops after brokerage downgrade
Trent shares declined 3.54% to Rs 5,174 after a foreign brokerage downgraded the stock to "neutral" from its previous "buy" rating, while also lowering the target price from Rs 6,970 to Rs 5,500 per share. The downgrade came alongside a reduction in the brokers FY26 estimates for sales and earnings per share (EPS) by 5%-9% and 8%-13%, respectively, citing a greater-than-expected impact from cannibalisation. Cannibalisation occurs when the sales of an existing product are negatively affected by the launch of a similar offering within the same company. The brokerage had initially projected that Trent's value fashion brand, Zudio, would capture a 5% share of Indias overall apparel market by FY35. However, Zudios market share stood at only 1.5% at the end of the previous financial year. Although Zudio continues to grow at a faster rate than the broader apparel market, the broker now expects the pace of market share expansion to be slower than earlier anticipated. Zudios sales growth for FY25 had been estimated at 60%. According to the note, Trent shares are likely to remain range-bound near current levels unless there is a clear sign of a turning point. The company is scheduled to announce its Q1 FY26 results on August 6, 2025. Trent is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment. On a consolidated basis, Trent's net profit declined 54.82% to Rs 318.15 crore while net sales rose 27.88% to Rs 4216.94 crore in Q4 March 2025 over Q4 March 2024.
The Hindu
11 hours ago
- Business
- The Hindu
Sensex tanks 542 points dragged down by blue-chip stocks, foreign fund outflows
Equity markets fell on Thursday (July 24, 2025) with the benchmark Sensex tumbling 542.47 points, amid profit-taking in blue-chip stocks and continuous foreign fund outflows. Despite a positive start, the 30-share BSE Sensex failed to carry forward the momentum and fell later in the trade. The benchmark tanked 542.47 points, or 0.66 per cent, to settle at 82,184.17. During the day, it tumbled 679.42 points, or 0.82 per cent, to 82,047.22. The 50-share NSE Nifty dropped 157.80 points, or 0.63 per cent, to 25,062.10. From the Sensex firms, Trent, Tech Mahindra, Bajaj Finserv, Reliance Industries, Infosys, Kotak Mahindra Bank, HCL Technologies, and NTPC were among the biggest laggards. However, Eternal, Tata Motors, Sun Pharma, Tata Steel, and Titan were the gainers. Infosys declined over 1 per cent amid profit-taking after its June quarter earnings announcement. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng settled in positive territory. European markets were quoting in the green. The US markets ended higher on Wednesday (July 23). India and the United Kingdom on Thursday (July 24, 2025) inked a landmark free trade agreement (FTA) that will cut tariffs on British whisky, cars, and an array of items, besides boosting bilateral trade by about $34 billion annually. The deal was signed by Commerce Minister Piyush Goyal and his British counterpart Jonathan Reynold in the presence of Prime Minister Narendra Modi and his British counterpart Keir Starmer. The FTA is expected to benefit 99 per cent Indian exports from tariff and will make it easier for British firms to export whisky, cars, and other products to India, besides boosting the overall trade basket, according to Indian officials. Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,209.11 crore on Wednesday, according to exchange data. However, Domestic Institutional Investors (DIIs) bought stocks worth Rs 4,358.52 crore in the previous trade. Global oil benchmark Brent crude jumped 1.24 per cent to $69.36 a barrel. On Wednesday, the Sensex jumped 539.83 points, or 0.66 per cent, to settle at 82,726.64. The Nifty gained 159 points or 0.63 per cent to settle at 25,219.90.
India.com
11 hours ago
- Business
- India.com
This company shares in action as company plans entry into new sectors
सेफ इंवेस्टमेंट भी जरूरी Bartronics India has made changes in its Memorandum of Association (MoA). After this announcement by the company, the stock has come into focus. On July 22, 2025, all the shareholders of the company approved this change through voting. The company has given this information to the stock market. Bartronics will now enter new and big sectors like AI (Artificial Intelligence), IoT (Internet of Things), satellite data and blockchain. Along with this, the company also wants to contribute to the development of villages, health, food and digital technology. The company says that it will now do such work which is related to rural development, Digital India, and health security of the country. For this, a change in MoA was necessary, so that the company could do this work legally. Today i.e. on 24th July 2025, the company's stock is trading at around ₹ 13.74. Yesterday it closed at ₹ 13.78. Although the stock is currently showing volatility, it may move after this new news. Bartronics India's stock has given more than 475% return in 5 years. Meaning if you had invested ₹ 1 lakh 5 years ago, today it would have become ₹ 5.75 lakh. However, the stock has declined by about 35% in the last 1 year and so far this year it has suffered a loss of 24%. The highest share price of this stock was ₹ 25.84, which was in October 2024. The lowest price was ₹ 12, which was seen only in July 2025. Currently, the market cap of Bartronics India is ₹ 419.71 crore. Benchmark indices Sensex and Nifty declined in early trade on Thursday amid profit-taking in blue-chip stocks and continuous foreign fund outflows. Despite a positive start, the 30-share BSE Sensex failed to carry forward the momentum and fell later in the trade. The benchmark declined 130.92 points to 82,595.72 in early trade. The 50-share NSE Nifty dipped 23 points to 25,196. 90. From the Sensex firms, Trent, Kotak Mahindra Bank, UltraTech Cement, Bajaj Finance, Tech Mahindra, Tata Consultancy Services, Infosys and Axis Bank were among the biggest laggards.
Business Upturn
11 hours ago
- Business
- Business Upturn
Nifty top losers today, July 24: Nestle India, Trent, Tech Mahindra, Shriram Finance, Reliance Industries and more
Indian stock markets ended in the red on July 24, with the benchmark indices slipping. The BSE Sensex fell 542.47 points to close at 82,184.17, while the NSE Nifty declined 157.80 points, ending the session at 25,062.10. Several heavyweight stocks in the Nifty 50 pack faced notable decline. Among the biggest losers of the day were names such as Nestle India, Trent and Tech Mahindra. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on July 24 Nestle India closed at ₹2,316, down 5.6% Trent closed at ₹5,148, down 3.9% Tech Mahindra closed at ₹1,496.2, down 3.3% Shriram Finance closed at ₹633.3, down 3.2% Reliance Industries closed at ₹1,402.8, down 1.5% Bajaj Finserv closed at ₹2,030, down 1.5% Hero MotoCorp closed at ₹4,301, down 1.4% Infosys closed at ₹1,553, down 1.4% Coal India closed at ₹385.6, down 1.3% Bajaj Auto closed at ₹8,288, down 1.3% Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
India Today
11 hours ago
- Business
- India Today
Sensex ends 542 points lower, Nifty below 25,100 as volatility weighs heavy
The equity markets encountered losses on Thursday as frontline indices tumbled amid growing uncertainty over global trade developments and weakness in heavyweight S&P BSE Sensex ended 542.47 points lower at 82,184.17, while the NSE Nifty50 declined 157.80 points to close at 25,062.10. Selling pressure was visible across sectors, with FMCG, IT, and financial stocks dragging the indices market indices also witnessed sharp declines as volatility surged throughout the session. Market mood was dampened by tepid global cues and rising anxiety over delays in the much-anticipated India-US trade agreement, which investors were hoping would be finalised during Prime Minister Modi's ongoing visit to the Among sectoral drags, FMCG stocks led the decline, with Nestle India falling over 5% to become the top loser on the Nifty50. Weakness was also visible in IT stocks, which mirrored a poor overnight performance on Wall Street amid renewed concerns over US inflation and interest rate major laggards included Trent, Tech Mahindra, Shriram Finance, and Reliance Industries — all of which weighed heavily on benchmark a handful of stocks bucked the trend. The top Nifty gainers were Eicher Motors, Dr Reddy's, Tata Motors, Tata Consumer Products, and Cipla — offering some cushion to the otherwise downbeat analysts said the sharp fall reflects a convergence of short-term uncertainties. 'From disappointing global cues to concerns over whether India will secure favourable trade terms with the US, there's a lot for investors to digest right now,' said a Mumbai-based fund Q1 earnings season in full swing and the trade deal timeline still unclear, analysts expect near-term market volatility to persist.- EndsMust Watch
