Shares of Tata Group's retail company Trent are seeing a decline on Monday. In the afternoon session, a block deal of 0.3% shares was done in this stock. Shares worth ₹846.1 crore were traded in this stock on Monday. According to information received by CNBC-TV18 from sources, 10.4 lakh shares were traded in this trade at a price of ₹8,115 per share.

On Monday, this stock was seen trading at ₹ 8,174.5 per share on NSE. Since the initial trading, the stock has seen a decline of about three-fourths percent. So far this year, this stock has shown a rise of 172%. It has been the most outperforming stock among the top 50 stocks of NSE.

 

Let us tell you that recently Trent has been included in Nifty50. Along with Nifty, Bharat Electronics has also been included in this index. Both these stocks have replaced Divi's Laboratories and LTIMindtree in Nifty50. Global brokerage firm Morgan Stanley has given an Overweight opinion on this stock of Tata Group. The company has recently launched a new standalone store format Zudio Beauty. In this way, the company has also entered the beauty segment. Zudio Beauty is now preparing to give direct competition to HUL's Elle18, Sugar Cosmetics, Health & Glow and Colorbar. Trent has given multibagger returns to shareholders in the recent past. The return of this stock has been more than 600% in the last 3 years. The 52-week high of this stock is ₹ 8,345 per share. Whereas, the 52-week low is ₹ 1,945 per share.