Trent shares jump over 4% today, extend 2-day rally to 8% ahead of bonus issue announcement

Shares of Trent Limited surged more than 4% in intraday trade on Tuesday, extending their two-session gains to nearly 8%, as investor sentiment strengthened ahead of a key board meeting to consider a bonus share issue.

The company, part of the Tata Groupinformed exchanges that its board of directors is scheduled to meet on April 22 to evaluate and approve a potential bonus issue of shares. The announcement has sparked strong buying interest in the stock, with market participants anticipating a shareholder-friendly move.

Stock Performance Snapshot (as of 1:42 PM IST)
Trent shares opened at ₹4,264.00 compared to the previous close of ₹4,242.80 and quickly gained traction during the session. The stock touched an intraday high of ₹4,444.50 and a low of ₹4,242.80. Trading activity remained robust, with a live volume of 18,36,912 shares.

On a broader scale, the stock has seen significant volatility over the past year, with a 52-week high of ₹6,261.00 and a low of ₹3,275.50, indicating strong long-term investor interest despite intermittent corrections.

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