Trent Share Price 2024: Tracking fluctuations, the article provides insights into daily updates, Q3 financial performance, future outlook, and projections, reflecting market
Trent Share Price 2024
On the final trading day, Trent’s stock kicked off at ₹3725.05, took a dip to ₹3621.25, and reached a high of ₹3935.85 before wrapping up at ₹3609.25. The market cap for Trent stands at a whopping ₹136,603.17 crore.
Notably, the 52-week high and low for the stock are ₹3635 and ₹1207, respectively. A noteworthy 552,538 shares of Trent were buzzing on the BSE.
Trent Share Price 2024 Range
Trent’s stock had a high of ₹3858.2 and a low of ₹3678.85 today. Trent’s stock is currently at ₹3702. It’s down by 3.66%, showing a decrease. The net change is -₹140.7.
Trent Share Price Today
Trent’s share price today, on 09/02/2024, stands at 3,711.80 INR, reflecting a decrease of -130.15 INR (3.39%)
Trent Share Price 2024 Stock Peers
Trent’s current share price is ₹3753.65, experiencing a decrease of ₹89.05 (2.32%). Over the past year, Trent’s stock reached a high of ₹3935.85 and a low of ₹1207.0, with a market cap of ₹133,437.55 crore.
- Metro Brands is priced at ₹1090.55, down by ₹8.35 (0.76%) from its 52-week high of ₹1440.45.
- Aditya Birla Fashion & Retail stands at ₹253.25, showing a decrease of ₹5.7 (2.2%) from its high of ₹265.75.
- Arvind Fashions is at ₹505.55, with a drop of ₹17.15 (3.28%) from its 52-week high of ₹533.35.
- Go Fashion (India) is priced at ₹1144.1, with a minimal increase of ₹0.85 (0.07%) from its high of ₹1403.95 and a low of ₹876.15.
Trent Share Price Today Nse
As of the most recent update, Trent, the Indian retail company, is currently priced at ₹3685.45. Unfortunately, the stock has seen a dip of -3.19%, signaling a decrease. The net change is -₹84.25, showing a drop in the stock’s value by this amount.
Trent Share Price Today Bse
Trent’s share price on the BSE today, 09/02/2024, is 3,720.45 INR, reflecting a decrease of -122.25 INR (3.18%).
Trent Share Price 2024 Revenue and EBITDA Growth
Trent’s Q3 revenue witnessed a robust growth of 50.5%, totaling ₹3,466 crore, exceeding predictions of ₹3,300 crore. Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) saw a substantial surge of 95%, reaching ₹629 crore, surpassing estimates of ₹545 crore. The EBITDA margin also expanded significantly, rising to 18.1% from 14% the previous year.
By the end of December 2023, Trent’s portfolio included 227 Westside, 460 Zudio, and 28 stores across various lifestyle concepts. The quarter saw the addition of five Westside and 50 Zudio stores in 36 cities, including 13 new cities.
Fashion concepts experienced a Like-For-Like growth of over 10% compared to the previous year.
Trent Share Price Target 2024
Indian stocks, including TRENT, had a strong Bull run in 2023. Looking ahead to the first quarter of 2024, the market is expected to maintain a positive trend with some early consolidation.
According to technical analysis, TRENT’s share price target for 2024 ranges from a minimum of ₹3070 to a maximum of ₹3853.94.
- January 2024: ₹3070
- February 2024: ₹3113.37
- March 2024: ₹3070.05
- April 2024: ₹3048.75
- May 2024: ₹3295.21
- June 2024: ₹3853.28
- July 2024: ₹3853.8
- August 2024: ₹3853.78
- September 2024: ₹3853.92
- October 2024: ₹3853.74
- November 2024: ₹3854.15
- December 2024: ₹3853.94
Trent Share Price 2025 Prediction
The future looks bright for TRENT as its share price is expected to hit Rs. 4089.75 by January 2025. If economic factors and industry trends continue favorably, we could witness a target price of Rs. 4067.78 by December 2025.
- January 2025: ₹4089.75
- February 2025: ₹4132.86
- March 2025: ₹4089.8
- April 2025: ₹4068.5
- May 2025: ₹4068.6
- June 2025: ₹4068.3
- July 2025: ₹4068.57
- August 2025: ₹4068.16
- September 2025: ₹4067.77
- October 2025: ₹4068.16
- November 2025: ₹4067.74
- December 2025: ₹4067.78
ALSO READ NHPC Share Price 2024 Trends, Projections, and Investor Insights.
Trent Share Price Future
Shares of Trent closed at ₹3,625.2, marking a 19% surge and nearly tripling in value over the past 12 months. With a positive outlook, the company views the Star business as a key growth.
Conclusion:
Trent’s stock experienced fluctuations in 2024, with highs and lows, influenced by market dynamics. Despite the short-term dips, the company’s Q3 performance showcased robust revenue and EBITDA growth. The forecast suggests a positive outlook for 2025. Trent’s strategic store expansion and growth in fashion concepts contribute to its promising future.
