Trent Ltd shares nosedived on Friday morning, plunging more than 9.4% to an intraday low of ₹5,652 on the NSE. The sharp fall followed a tepid outlook shared during the company’s Annual General Meeting (AGM), coupled with a bearish downgrade from brokerage firm Nuvama.
At last check, Trent was trading near ₹5,742.50, down by ₹443.90 or 7.17%, wiping off nearly ₹17,000 crore from its market capitalization. The selloff places Trent among the day’s biggest losers across Indian equity benchmarks.
The trigger? A weaker-than-expected growth forecast. Management now projects just 20% YoY growth in the fashion segment for Q1FY26, a noticeable slowdown compared to its five-year 35% CAGR run from FY20 to FY25.
Nuvama didn’t mince words. While acknowledging Trent’s longer-term ambition to scale revenues tenfold, analysts expressed doubt over the company’s ability to sustain past growth rates in the near term. The firm cut its FY26 and FY27 revenue estimates by 5%–6% and slashed EBITDA forecasts by up to 12%.
Trent Share Price Technical Analysis
- Current price: ₹5,742.50
- Resistance levels: ₹6,186, ₹6,310
- Support zones: ₹5,652, ₹5,500
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The post Trent Share Price Crashes Over 9% After Weak Q1 Forecast, Nuvama Downgrade appeared first in UK on InvestingCube.
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