Shares of Trent Ltd appeared to plunge more than 33 percent on Thursday after the Tata Group retailer's stock turned ex-bonus for its recently announced bonus issue. Trent shares were trading at Rs 2,771 in morning trade, down from Wednesday's closing price of Rs 4,257.6.Most of this sharp decline reflects the stock price adjustment following the bonus issue, and not a destruction in value. Howeve...

Ola Electric shares declined more than 4 percent after the company reported a sharp decline in revenue for the March quarter, while brokerages flagged pricing pressure and execution-related concerns.The electric two-wheeler maker reported a consolidated net loss of Rs 500 crore for the quarter, compared with a loss of Rs 870 crore in the corresponding period last year.Revenue from operations decli...

Shares of InterGlobe Aviation, the operator of IndiGo, rose as much as 3 percent in early trade on Wednesday as brokerages retained bullish views on the stock despite the sudden resignation of chief executive Pieter Elbers. IndiGo stock was trading at Rs 4,503, up 2.8 percent in early morning trade. The gains came after the stock had closed 3.4 percent higher at Rs 4,380.4 in the previous session,...

Torrent Pharmaceuticals shares rallied as much as 4 percent to Rs 3,479 on Monday, June 30, before paring all gains after it signed definitive agreements to acquire a controlling stake in JB Chemicals and Pharmaceuticals (JB Pharma) from global private equity firm KKR at an equity valuation of Rs 25,689 crore (fully diluted basis).The transaction, followed by a merger of the two entities, will mak...

Shares of Tata-owned apparel giant Trent Ltd rose more than a percent on June 20 after notching a third bullish call in as many days, with HSBC initiating coverage with a ‘buy’ rating. The brokerage sees strong growth ahead, driven by the rapid expansion of its value fashion brand Zudio.With a price target of Rs 6,700, analysts are implying an upside potential of 17 percent from the last close...