Trent gains on issuing Commercial Paper worth Rs 100 crore

01 Mar 2017 Evaluate

Trent is currently trading at Rs 245.95, up by 1.95 points or 0.80% from its previous closing of Rs 244.00 on the BSE.

The scrip opened at Rs 246.90 and has touched a high and low of Rs. 248.00 and Rs 244.15 respectively. So far 18321 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs 270.00 on 08-Feb-2017 and a 52 week low of Rs 139.60 on 16-Mar-2016.

Last one week high and low of the scrip stood at Rs. 254.00 and Rs 242.45 respectively. The current market cap of the company is Rs 8184.96 crore.

The promoters holding in the company stood at 32.61%, while Institutions and Non-Institutions held 41.91% and 25.47% respectively.

Trent has issued Commercial Paper for an aggregate amount of Rs 100 crore.

Credit rating agency, CARE has assigned rating of ‘A1+’ for issue of Commercial Paper by the Corporation. Instruments with CARE A1 rating are considered to have very strong degree of safety regarding timely payment of financial obligations. Such instruments carry lowest credit risk.

Trent is part of the Tata Group and is engaged in business of retailing. Trent acquired 76% stake in Landmark, one of the largest books and music retail chains in the India.

Trent Share Price

6948.90 119.90 (1.76%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 3462.25
Aditya Birla Fashion 282.35
Trent 6948.90
Vishal Mega Mart 101.97
Electronics Mart Ind 165.05
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.