Trent lost 1.59% to Rs 1,231.65 at 13:05 IST on BSE after net profit dropped 73.7% to Rs 16.07 crore on 8.5% growth in net sales to Rs 341.54 crore in Q1 June 2015 over Q1 June 2014.
The Q1 result was announced after market hours yesterday, 6 August 2015.
Meanwhile, the S&P BSE Sensex was up 19.08 points or 0.07% at 28,317.21.
On BSE, so far 2,742 shares were traded in the counter as against average daily volume of 2,005 shares in the past one quarter.
The stock was volatile. The stock lost as much as 3.15% at the day's low of Rs 1,212 so far during the day. The stock rose as much as 2.03% at the day's high of Rs 1,277 so far during the day. The stock had hit a record high of Rs 1,595 on 4 December 2014. The stock had hit a 52-week low of Rs 1,095 in 3 June 2015.
The stock had outperformed the market over the past one month till 6 August 2015, surging 6.19% compared with Sensex's 0.32% rise. The scrip had also outperformed the market in past one quarter, jumping 10.77% as against Sensex's 5.92% rise.
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The mid-cap company has equity capital of Rs 33.23 crore. Face value per share is Rs 10.
The bottom line in Q1 June 2015 was pulled down due to base effect. There was a net exceptional gain of Rs 70.18 crore in Q1 June 2014. Trent's profit before exceptional items rose 74% in Q1 June 2015 over Q1 June 2014.
Trent, a part of Tata Group, is engaged in operating retail chains in India.
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