Trent enters top-100 most-valued firms' club; m-cap crosses Rs 50,000 crore

In the past one week, the stock has rallied 11 per cent after the company reported strong earnings for Q1FY23 with industry best revenue growth and strong beat on almost all parameters

Trent, on Wednesday, entered the elite club of top-100 most valued companies in terms of market captialisation as the share price hit a new high of Rs 1,477.45, up 4.7 per cent on the BSE in intra-day trades. The market capitalisation (m-cap) of the Tata Group Company engaged in retail business crossed the Rs 50,000 crore-mark today.

With an m-cap of Rs 51,912 crore, Trent stood at 100th position in overall m-cap ranking at 11:17 AM. The company surpassed online food delivery platform company Zomato, whose m-cap stood at Rs 49,184 crore, the BSE data shows.

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