Trent trades higher on the bourses

Trent is currently trading at Rs. 1500.00, up by 14.35 points or 0.97% from its previous closing of Rs. 1485.65 on the BSE. The scrip opened at Rs. 1499.70 and has touched a high and low of Rs. 1551.90 and Rs. 1489.20 respectively. So far 5943 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1551.90 on 19-Nov-2014 and a 52 week low of Rs. 910.60 on 19-Nov-2013. Last one week high and low of the scrip stood at Rs. 1551.90 and Rs. 1368.00 respectively. The current market cap of the company is Rs. 4998.02 crore. The promoters holding in the company stood at 32.61% while Institutions and Non-Institutions held 39.73% and 27.65% respectively. Trent Hypermarkets, the joint venture (JV) company between Trent and Tesco, is reportedly all set to open four new stores under the Star brand in January-February next year, which will be located in Mumbai, Pune and Bangalore. The stores are between 2,000 sq ft to 30,000 sq ft and will house its large format Star Bazaar, mid format Star Market and small format Star Daily. Trent Hypermarkets’ current stores are in Maharashtra and Karnataka, and it plans to open three to five more stores in these states. Trent is part of the Tata Group and is engaged in business of retailing. Trent acquired 76% stake in Landmark, one of the largest books and music retail chains in the India.