Trent Surges 10% on Strong Q2 Update; Market Opens Higher

Markets opened on a positive note today, with the Nifty50 rising 31.40 points (0.14%) to 22,592 and the Sensex up around 100-125 points, as global equities rallied despite higher bond yields. Trent was by far the standout story of the session, hitting its 10% upper circuit.

surged 10% to ₹2,838, opening 8.5% higher and then hitting the upper circuit after its Q2 FY27 business update, standalone revenue grew 23% YoY to ₹5,788 crore, pushing the company's market cap past ₹1.5 trillion. The Zudio business crossed a major milestone. Trent's value-fashion chain opened its 1,000th store during the quarter, with 17 net Zudio additions and 10 new Westside stores, taking the total portfolio to 1,342 stores as of September 30. This is a real recovery from recent weakness. The stock had underperformed by 9-12% over the past one and three months, and remains well below its 52-week high of ₹3,399.70 (hit July 3, 2026) even after today's jump. Market breadth looked healthy elsewhere too. Nifty Midcap and Smallcap gained 0.29% and 0.65% respectively, with Kotak Mahindra Bank, Axis Bank, HUL, and HCL Tech among the other major gainers on the Sensex.