Trent block deal: 6.8 lakh shares worth ₹470 crore change hands; check details

As many as 6.8 lakh shares of Trent Ltd were sold for ₹6,925 apiece, almost at the same level as the previous closing price of ₹6,925.6 per share on the NSE.

The buyers and sellers in the deal were not known immediately. More than 1.5 lakh shares of the company traded on the NSE, with a trading value of ₹103.66 crore.

After a gap-up opening, the Tata Group stock gained up to 0.78% to hit an intraday high of ₹6,973 apiece on the NSE. However, shares of Trent Ltd soon pared early gains to trade 0.56% lower at ₹6,886 apiece on the NSE at 10:45 am.

The company’s consolidated revenue from operations increased over 56% to ₹4,104.44 crore compared to ₹2,628.37 crore in the corresponding quarter of the preceding fiscal. Sequentially, the company’s revenue from operations also increased more than 24% from ₹3,297.7 crore in the March quarter of FY24.

Trent’s consolidated net profit for Q1FY25 increased over 134% from ₹166.67 crore compared to ₹391.21 crore in Q1FY24. The company’s net profit fell 45% from ₹712.09 crore in Q4FY24. Trent informed the exchanges about its financial results for the June quarter of FY25 on August 9.

Shares of Trent Ltd have gained nearly 242% in the past year and 126% year-to-date. The stock has surged more than 76% in the last six months and 29% in the last one month.