Trent rises on incorporating Joint Venture company with MAS Amity in India

23 May 2023 Evaluate

Trent is currently trading at Rs. 1504.85, up by 4.95 points or 0.33% from its previous closing of Rs. 1499.90 on the BSE.

The scrip opened at Rs. 1494.40 and has touched a high and low of Rs. 1510.35 and Rs. 1494.40 respectively. So far 10757 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1571.00 on 02-Nov-2022 and a 52 week low of Rs. 1005.10 on 26-May-2022.

Last one week high and low of the scrip stood at Rs. 1518.20 and Rs. 1472.25 respectively. The current market cap of the company is Rs. 53378.22 crore.

The promoters holding in the company stood at 37.01%, while Institutions and Non-Institutions held 40.55% and 22.44% respectively.

Trent has incorporated on May 22, 2023 a 50:50 Joint Venture Company with MAS Amity in India viz., ‘Trent MAS Fashion’ for undertaking the business of design, development and manufacture of intimate apparel and apparel related products. Trent MAS Fashion has been incorporated as a 50:50 Joint Venture between the Company and MAS Amity for undertaking the business of design, development and manufacture of apparel and apparel related products including but not limited to intimate wear as listed in the Joint Venture Agreement dated January 20, 2023 wherein the parties will use their respective skills, expertise and resources.

Trent is engaged in the retail sale of readymade garments.


Trent Share Price

6829.00 -265.45 (-3.74%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Avenue Supermarts 3408.50
Aditya Birla Fashion 282.25
Trent 6829.00
Vishal Mega Mart 101.11
Electronics Mart Ind 170.05
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