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
- ‘He was doing some ha ha ha ha dark laugh’: Passenger on what led to viral fight with Indian-origin Ishaan Sharma
- Soundcheck! Shux, crew lend voice to help train AI on Earth
- Controversy! Yashasvi takes late DRS call; Stokes clashes with umpire
- ‘Modi ji, where are you?’: Kharge slams PM’s foreign policy, says ‘India surrounded by enemies on all corners’
- National Herald case: ‘Strange, unprecedented,’ Sonia Gandhi’s counsel tells court; cites ‘Hamlet’
- Bumrah bursts into laughter at Ravi Shastri’s on-air comment
- ‘We cheer for West Indies except when … ’: PM Modi’s cricket banter in Trinidad
- US trade deal: India won’t compromise on national interest to meet deadline, says Goyal