Trent Ltd shares fell sharply by around 9 percent, snapping a four-session winning streak and emerging as the top loser on India’s benchmark indices, the Sensex and Nifty. The decline came amid profit booking after recent gains, dragging the Zudio parent lower during the session.
Market analysts said the stock has entered a corrective phase in the near term. From a technical perspective, they advised investors who are looking to go long in Trent to maintain a strict stop loss at Rs 3,700 to manage downside risk, given the heightened volatility.
Despite the sharp fall, analysts noted that the broader long-term outlook on Trent remains intact, supported by its strong retail expansion and the continued growth momentum of brands like Zudio. However, in the short term, caution is warranted as the stock digests recent gains and reacts to overall market weakness.
