Trent Share Price: What is behind today's decline in Tata stock?
Trent Share Price: The Tata Group owns Trent Limited. Even though there was widespread buying in the domestic equity market today (February 4), the Tata stock dropped by almost 8%.
Trent Share Price Live Chart
Why did Trent's stock drop 6% in a single day? The index of the Nifty 50 is up 350 points.
Reliance Retail’s relaunch of the Chinese brand Shein in India has raised concerns about the stock. Products are now being delivered to Delhi NCR, Bengaluru, and Mumbai; pan-India delivery will soon start.
The app has received over 10,000 downloads in just one day after it launched on the Play Store. In 2020, Shein faced a ban in India due to a data security issue and a crackdown on Chinese apps.
Shein will only serve as a technical partner; Reliance Retail will retain ownership and management.
Shein’s competitors in the value fashion market will include Trent’s Zudio, Aditya Birla Fashions’ Style Up, and Shoppers Stop’s Intune.
On Saturday, the day of the Union Budget presentation, Trent was one of the top gainers as a rally in consumption-oriented names was triggered by Finance Minister Nirmala Sitharaman’s announcements of cuts to income taxes.
Twelve of the 22 analysts covering Trent have a “buy” rating, while five have a “hold” rating and five have a “sell” recommendation.
Trent’s stock is currently down 6% at ₹5,777 on Tuesday. Since its top of ₹8,345, the stock has dropped 330%.
Trent Share Price History
Reliance Retail’s relaunch of the Chinese brand Shein in India has raised concerns about the stock. Products are now being delivered to Delhi NCR, Bengaluru, and Mumbai; pan-India delivery will soon start.
The app has received over 10,000 downloads in just one day after it launched on the Play Store. In 2020, Shein faced a ban in India due to a data security issue and a crackdown on Chinese apps.
Shein will only serve as a technical partner; Reliance Retail will retain ownership and management.
Shein’s competitors in the value fashion market will include Trent’s Zudio, Aditya Birla Fashions’ Style Up, and Shoppers Stop’s Intune.
On Saturday, the day of the Union Budget presentation, Trent was one of the top gainers as a rally in consumption-oriented names was triggered by Finance Minister Nirmala Sitharaman’s announcements of cuts to income taxes.
Twelve of the 22 analysts covering Trent have a “buy” rating, while five have a “hold” rating and five have a “sell” recommendation.
Trent’s stock is currently down 6% at ₹5,777 on Tuesday. Since its top of ₹8,345, the stock has dropped 330%.
Trent is a part of the Nifty 50 benchmark index. The market value of the Tata corporation is Rs 2,03,941.38 crore.
According to market data, Trent shares have dropped 31% from their October 14 top of Rs 8,345.85. Over the past year, the Tata stock has produced a strong return of 83%. Over the past two, three, and five years, Trent shares have yielded impressive returns of 36%, 44%, and 858%, respectively.
Trent is a retailer selling clothing, shoes, accessories, games, toys, groceries, and non-food items. Among its well-known brands are Landmark, ZARA, Star Hypermarket, Utsa, Zudio, and Westside.
