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Trent extends gains after fixing record date for stock split

The stock hit a new high of Rs 2,274, rallied 18% from Rs 1,922 since August 22, as compared to 1.8% rise in Sensex.

SI Reporter  |  Mumbai 

Trent has moved higher for the ninth straight trading session up nearly 4% at Rs 2,274 on the BSE, after the company fixed September 14, 2016 as the record date for the stock split in ratio of 10:1. The stock is currently trading at its new high and rallied 18% from Rs 1,922 since August 22, as compared to 1.8% rise in the S&P BSE Sensex.

The board of directors of Tata Group Company at its meeting held on June 28, 2016 had approved the sub-division of equity shares of the company having a face value of Rs 10 per share into equity shares having a face value of Re 1 each. Since ...

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First Published: Fri, September 02 2016. 11:52 IST