Shares of Tata group’s retail major Trent bucked the broader market trend on Monday morning, rising opver 3% to ₹4,262 as of 11:15 am IST. The stock opened at ₹4,150, touched an intraday high of ₹4,262.60, and saw healthy volumes on the NSE. The previous close was ₹4,107.70.
The trigger is clear: Trent’s board meeting on Wednesday, April 22, will consider the issuance of bonus shares for the first time in the company’s history — a landmark announcement for one of India’s most-watched consumer retail stocks. The board will simultaneously approve Q4 and full-year FY26 audited results and consider a dividend recommendation.
A bonus issue is where the company allots additional free shares to existing shareholders in a fixed ratio and is typically read as a strong signal of management confidence in the company’s earnings trajectory and balance sheet strength. For Trent, which has been one of the standout performers in Indian retail driven by the explosive expansion of its Zudio brand, the first-ever bonus issue underscores the company’s transition from a high-growth retailer to a mature, shareholder-rewarding franchise. The board will also consider an Employee Stock Option Plan and an enabling resolution to raise additional funds via equity.