On August 27, Dodona Holdings Limited sold 6.78 lakh shares of Trent at ₹6,925 per share in a block deal on NSE. The shares were bought by Siddhartha Yog at the same price. By the end of the trading session, shares of the Tata Group’s fashion and lifestyle company were down 0.69% at ₹6,877.90.
Trent’s stock has seen impressive growth, gaining around 243% over the past year and more than doubling in 2024 with a surge of over 130% since January. The company is also set to join the NSE Nifty 50 index on September 30.
Chairman Noel Tata recently mentioned that Trent Ltd has the potential to expand to ten times its current size, though no specific timeline for this growth was provided. The fashion and apparel sector in India continues to thrive, driven by a large young population and increasing per capita income.
