TRENT

share price crash: Tata Group's stock falls 10% despite 19% revenue growth in Q1

Trent Share Price: Stock of Tata Group’s retail arm Trent Limited slipped nearly 10 per cent on Tuesday (July 7), despite the company reporting a 19 per cent year-on-year rise in revenue for the first quarter. Trent Share Price At around 9:30 am, Trent’s stock was trading 8.5 per cent lower, down Rs 280.40, while it touched an intraday low of Rs 3,010, marking a decline of nearly 10 per cent during the session. Trent Q1 Update The decline came despite a strong operational update from the company. Trent reported standalone revenue of Rs 5,666 crore in Q1, compared with Rs 4,781 crore in the same period last year.