Mutual Funds', FPI favourite Tata Group stock jumps 10% to hit upper circuit after Q2 business update
AI Summary
Trent's impressive revenue growth and the opening of its 1000th Zudio store signal strong operational momentum, which could attract more retail investors looking for growth in the consumer discretionary sector. The stock's recent volatility, with a sharp rise after a period of decline, suggests that investor sentiment may be shifting positively, especially as Trent outperforms the broader market. This trend may indicate a potential recovery phase for the stock, making it a point of interest for those tracking retail sector dynamics in India.
A Tata Group stock, Trent, rose 10% to hit its upper circuit in early deals on the BSE on Tuesday, 6 October, a day after the company reported the business update for the September quarter of the financial year 2026-27 (Q2FY27). Trent share price opened at ₹2,800 against its previous close of ₹2,575 and surged 10% to the upper price band of ₹2,832.50.
In an exchange filing on 5 October, Trent said its Q2FY27 standalone revenue from operations stood at ₹5,788 crore, rising 23% year-on-year (YoY), while for the first half of the year (H1FY27), revenue rose 21% YoY to ₹11,454 crore.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 06 October 2026.
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