Trent shares surge on store expansion
Tata Group fashion retailer Trent added 1.80 billion dollars in market capitalization after reporting a strong rise in second-quarter revenue. The aggressive store expansion strategy boosted investor confidence despite uneven retail demand.
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TRENT LTD shares jumped 12.6% on Tuesday, adding 173.83 billion rupees ($1.80 billion) in market value following rapid store expansion. It marks the stock's best daily performance since February 2024. The broader NSE Nifty 50 index rose 0.98% over the same period.
