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VERIFIEDET Stocks·negative
Rs 18,000 crore crash in Trent shares explained, and should you buy the dip
AI Summary
- ·Trent shares declined on Tuesday, resulting in a market value loss of approximately Rs 18,000 crore.
- ·The share price drop followed a Q1 revenue growth of 19%, which fell short of market expectations.
- ·Concerns were raised about store productivity and the pace of expansion, although many brokerages maintain a positive outlook, attributing the slowdown to seasonal factors.