Trent Share Price Surges Over 3% as Nifty’s Top Gainer Despite Muted Market Sentiment

The Indian stock market today witnessed a mixed mood, but Trent share price stood out as a strong performer. On Friday, August 29, Trent Limited, a Tata Group company, jumped more than 3% in intraday trade, emerging as the top gainer on the Nifty 50 index.

Interestingly, this sharp move came on a day when the broader market stayed subdued, with investors treading cautiously amid global trade concerns.

Market Performance

• Nifty 50: Largely muted, reflecting cautious investor sentiment
• Trent Limited: Gained over 3% intraday, topping the gainers’ list
• Market Tone: Range-bound, as US tariffs on Indian goods kept traders on the sidelines

While most stocks struggled to find direction, Trent’s performance turned heads, making it one of the most discussed stocks in the market today.

Why Trent Share Price Jumped Today?

The sudden spike in Trent share price was driven by news around the Goods and Services Tax (GST) structure on apparel.

• As per reports by CNBC-TV18, the government has proposed to raise the threshold for readymade garments attracting 5% GST.
• The new proposal suggests ₹2,500 as the threshold, up from the earlier ₹1,000.
• This move directly benefits apparel and retail companies like Trent, sparking investor optimism.

This GST tweak was enough to give Trent’s stock a strong boost, making it a market outperformer on an otherwise quiet trading day.

Company Spotlight: Trent Limited

Part of the Tata Group, Trent is a well-known name in India’s retail space. The company operates several popular fashion and lifestyle chains, and changes in the GST structure around garments directly impact its business model.

With the proposed revision, higher-value apparel purchases will now attract the lower 5% GST rate, which is expected to improve consumer sentiment and strengthen retail sales in the sector.

Stock Market Today: Key Takeaways

• Trent Limited gained over 3% intraday, topping the Nifty 50 list
• Broader markets traded range-bound, reflecting global trade worries
• The stock’s rally was linked to the government’s GST threshold revision proposal for readymade garments
• Despite the muted mood, Trent’s move stood out, bringing a strong spotlight on retail and apparel stocks

Summary

In a session where the overall stock market today remained quiet, Trent share price became the story of the day. With a more than 3% jump in intraday trade, the Tata Group company secured the position of Nifty’s top gainer. The rally was fueled by reports that the government may raise the GST threshold for garments to ₹2,500 from ₹1,000, a move that could significantly benefit apparel players.

For investors tracking the market, today’s action highlighted how policy-linked developments can move individual stocks even in a muted trading environment.