{"id":118751,"date":"2024-02-07T15:38:56","date_gmt":"2024-02-07T10:08:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118751"},"modified":"2024-02-07T15:38:58","modified_gmt":"2024-02-07T10:08:58","slug":"tata-group-stock-jumps-20-after-net-profits-of-the-company-rises-by-140-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-jumps-20-after-net-profits-of-the-company-rises-by-140-yoy\/","title":{"rendered":"Tata Group stock jumps 20% after net profits of the company rises by 140% YoY\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2808834650\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this retail stock under the \u2018large-cap\u2019 category spiked around 18 percent in Wednesday\u2019s trading session after the company reported financial results for the quarter ended December 2023. In the past six months, the company\u2019s stock has delivered multibagger returns of nearly 111 percent for its stakeholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1720240096\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 1.27 lakh crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TRENT\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Trent Limited<\/a><\/strong> started their trading session on Wednesday at Rs 3,109.85 and currently trade at Rs 3,592.75, gaining nearly 18 percent compared to the previous closing levels of Rs 3,034.50 apiece.\u00a0<\/p><p>Such bullish stock price movements were observed after the company, through a regulatory filing with the Bombay Stock Exchange (BSE), announced the financial results for the quarter ended December 2023.&nbsp;<\/p><p>During the recent financial quarters, the company reported a jump in both the prime indicators of business, viz, operating revenues as well as after-tax profits with the former taking a shift from Rs 2,982 crores during Q2FY24 to Rs 3,467 crores during Q3FY24, and the after-tax profits, during the same period, increasing from Rs 228 crores to Rs 371 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1453769668\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Moreover, the company, yearly, reported an increase in both metrics mentioned above with the operating revenues rising from Rs 2,303 crores during Q3FY23 to Rs 3,467 crores during Q3FY24, and the latter, keeping the timeframe the same, zoomed a whopping 140 percent, shifting from Rs 155 crores to Rs 371 crores.&nbsp;<\/p><p>Historically, the company has successfully improved its return ratios during FY22-23 with the return on equity (RoE) reported at 17.13 percent and the return on capital employed (RoCE) reported at 12.03 percent.&nbsp;<\/p><p>As per the latest shareholding pattern data for the December 2023 quarter, the company\u2019s Promoters hold a 37.01 percent stake, and the Foreign Institutional Investors (FIIs), recently reducing their stake, currently hold a considerable stake of 25.91 percent in the company.&nbsp;<\/p><p>Founded in 1998, Trent Limited, through its subsidiaries, operates a chain of retail stores. It offers various brands across menswear, women&#8217;s wear, kids wear, footwear, cosmetics, and other accessories. It also offers foods, beverages, health and beauty products, vegetables, fruits, dairy products, and others.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-443322883\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this retail stock under the \u2018large-cap\u2019 category spiked around 18 percent in Wednesday\u2019s trading session after the company reported financial results for the quarter ended December 2023. In the past six months, the company\u2019s stock has delivered multibagger returns of nearly 111 percent for its stakeholders.&nbsp; With a market capitalization of Rs 1.27 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":112188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,10768,16491,9094],"class_list":["post-118751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-trent-latest-news","tag-trent-q3-results-fy24","tag-trent-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Group stock jumps 20% after net profits of the company rises by 140% YoY\u00a0 - 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