Trent Shares Plunge 10% in Two Sessions, Near 52-Week Low After Q3 Update

• Trent shares dropped 10% over two sessions, falling below ₹4,000 and nearing their 52-week low of ₹3,933.
• The decline followed a Q3 business update showing 17% revenue growth, significantly below the management's 25% guidance.
• Morgan Stanley maintained an "overweight" rating with a ₹5,456 target, while Citi reiterated a "sell" rating with a ₹4,350 target.
• The stock trades at 72x FY27 estimated P/E, lower than its 5-year average of 95x and peak of 140x.
• Despite the fall, 18 out of 28 analysts still recommend "buy," with 5 "hold" and 5 "sell" ratings.

Why It Matters: Trent shares tumbled due to Q3 revenue missing guidance, sparking mixed analyst reactions despite lower valuations.