Trent Ltd.’s shares plummeted 8.7% after its AGM revealed a projected revenue growth slowdown to 20% for Q1FY26, significantly lower than the previous 35% CAGR. Nuvama brokerage downgraded the stock to ‘hold,’ reducing the target price due to concerns about moderating growth and high valuations. Trent Ltd.’s shares plummeted 8.7% after its AGM revealed a projected revenue growth slowdown to 20% for Q1FY26, significantly lower than the previous 35% CAGR. Nuvama brokerage downgraded the stock to ‘hold,’ reducing the target price due to concerns about moderating growth and high valuations.
Trending
- India-US trade deal: ‘We don’t make deals based on deadlines’, says Piyush Goyal
- 911 call, then robbery: Indian-origin men arrested in Georgia for bizarre thefts outside their store
- Assam floods: Two rivers breach danger mark due to heavy rains; six more sites under ‘above normal’ category
- What every pool owner in Dubai must know: New rules, safety standards, legal duties and more
- Arun Subramanian: The Indian-origin judge who oversaw Sean ‘Diddy’ Comb’s trial – with poise and calm
- Scary scene! Shubman Gill takes nasty blow to the head
- ‘That’s misleading’: Video of Zohran Mamdani saying he would never identify as Black viral amid Columbia row
- Why Indian-origin Zohran Mamdani also identified as African-American in his Columbia University college application – where he did not get through