Tata Group stock hits upper circuit on Q2 business update, drawing mutual fund and FPI interest.
Context
What happened: Trent, a Tata Group stock, rose 10% to its upper circuit on the BSE on 6 October, a day after reporting its September quarter business update. The shares opened at ₹2,800 against a previous close of ₹2,575.
Key numbers: Q2FY27 standalone revenue ₹5,788 crore, up 23% YoY. H1FY27 revenue ₹11,454 crore, up 21% YoY.
Why it matters: Analysts see the chart as sideways with resistance at ₹2,965 and support near ₹2,780. One analyst said the correction that began in October 2024 looks incomplete and suggested booking profits near ₹2,900 and ₹3,100.
What changed
Trent, a Tata Group stock, rose 10% to its upper circuit on the BSE on 6 October, a day after reporting its September quarter business update. The shares opened at ₹2,800 against a previous close of ₹2,575.
Why it matters
Analysts see the chart as sideways with resistance at ₹2,965 and support near ₹2,780. One analyst said the correction that began in October 2024 looks incomplete and suggested booking profits near ₹2,900 and ₹3,100.