Trent Limited experienced a significant boost in its market capitalization on October 8, 2024, with the stock rising by 6.02%. The stock opened at ₹7,520.00 and reached a high of ₹7,999.00, closing at ₹7,898.15, up from its previous close of ₹7,449.50.
As a result of this sharp rise, Trent’s market capitalization increased by approximately ₹15,926 crores, bringing the total market cap to ₹2,80,835.09 crores. The surge followed strong buying interest in the retail sector, bolstered by positive sentiment and an improved outlook for the company’s future growth.
The trading session witnessed a traded volume of 13.35 lakh shares with a traded value of ₹1,039.72 crores. With the stock reaching a new 52-week high of ₹7,999.00, it further solidifies Trent’s standing as one of the leading players in the specialty retail sector.
Investors are closely monitoring the stock’s performance as the company continues to expand its footprint across India, aiming to capitalize on the rising demand in the retail market.
