Three months ago, Trent Ltd’s shares touched an all-time high of ₹804.70 on the NSE. And since then, the stock has fallen by a striking 45%.
The covid-19 crisis is expected to weigh heavily on all retailers, as consumers tighten their purses amidst the uncertainty.
As such, Trent is not an exception to these troubles. It’s worth noting that until February, Trent was having a fabulous year.
While announcing its March quarter results on Friday late evening, the retailer also informed that standalone revenue for January and February increased by 33%.