Why was Trent the biggest laggard on Nifty 50 on Tuesday?
Shares of Trent fell nearly 4% on Tuesday, extending a recent losing streak, after brokerages flagged a sharp slowdown in revenue growth. The Tata Group retailer's second-quarter revenue is projected to rise 17% year-on-year, its slowest pace since early 2021, prompting analysts to warn of 'growth fatigue' and trim price targets despite expectations of margin expansion ahead.