Fri Nov 08 13:58:43 UTC 2024: ## Trent Ltd Shares Plunge After Missing Earnings Estimates

**MUMBAI, INDIA -** Trent Ltd, the Tata group’s retail player, saw its shares plummet over 9% on Thursday after the company reported disappointing earnings for the second quarter of the current fiscal year. The stock hit its lowest point in five months, falling 9.33% to Rs 6,306.85 per share on the NSE.

Trent’s Q2FY25 net profit came in at Rs 335 crore, representing a 47% jump year-on-year but a 14% decline sequentially. This figure fell short of analysts’ predictions, who had anticipated a 53.2% year-on-year jump to Rs 444 crore.

Revenue from operations also missed expectations, climbing 39% to Rs 4,157 crore compared to the anticipated 51% growth to Rs 4,365 crore.

The company’s stock has been on a downward trend for the past four days, losing a total of 10.02%. The disappointing earnings report marks the first time in over three years that Trent has failed to meet analysts’ expectations.

This news comes amidst a busy month for the Indian stock market. Traders are gearing up for the “BOTS” (Best Options Trading Summit) organized by Traders Gurukul. The event, held on the 2nd or 3rd Sunday of every month in major Indian cities, aims to bring together retail options traders and provide insights into the market.

**Disclaimer:** The views expressed in this article are for informational purposes only and do not constitute investment advice. Always consult with a qualified financial advisor before making any investment decisions.

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