Tata Group’s Trent emerges top gainer on the Nifty 50 Index; surges over 8%

After a rough January, Trent Ltd., a Tata Group company, has made a strong comeback, emerging as the top gainer on the Nifty 50 index. The stock surged over 8% on February 1, marking its biggest single-day jump since August 9, 2024, when it had reported its June quarter earnings.

Trent Bounces Back Post Budget Announcement

Trent’s sharp rebound follows Finance Minister Nirmala Sitharaman’s Budget 2025 announcement, which introduced tax relief for individuals earning up to ₹12 lakh. This boost in disposable income has fueled optimism for consumption-driven stocks, pushing the Nifty FMCG index to its highest gain in seven months.

Other FMCG players, such as Radico Khaitan, also saw significant gains, with shares soaring up to 10%.

A Tough January for Trent

Despite today’s rally, Trent faced a challenging January, dropping nearly 20%—its worst monthly performance since March 2020, when COVID-19 lockdowns began. At Friday’s closing, the stock was still down over 35% from its peak of ₹8,345.

Analyst Outlook on Trent

Among the 22 analysts covering the stock, 12 recommend a "buy," while five each suggest a "hold" and "sell."

As of Saturday’s session, Trent is trading at ₹6,210, continuing its recovery momentum after a difficult start to the year.