Radhakishan Damani Loses ₹162 Crore in Two Minutes: Tata’s Trent Shares Plunge by 8%

New Delhi: The shares of Tata Group’s retail company, Trent, saw a significant decline today, plummeting by over 8% as soon as the market opened. Despite the company’s revenue increasing by 17% in the December quarter, it fell short of market expectations, leading to a sell-off. As a result, renowned investor Radhakishan Damani faced a substantial loss.

Trent’s stock dropped by 8.3% to ₹4,060.65 on the Bombay Stock Exchange (BSE) during early trading. The company’s standalone revenue for the December quarter stood at ₹5,220 crore, which marks a 17% year-on-year growth. However, it did not meet market expectations, which led to selling pressure on the stock. As a result, the company’s market capitalization dropped by ₹13,000 crore.

According to a report by Business Today, prominent investor Radhakishan Damani incurred a loss of ₹162 crore. Through his investment company, Derive Trading and Resorts, Damani holds a 1.24% stake in Trent. The company has yet to file its shareholding pattern for the December quarter.

Following today’s decline, Damani’s stake value fell from ₹1,948.32 crore to ₹1,785.67 crore within minutes.

Company Performance:
Trent’s revenue growth has slowed compared to previous years, although the company has maintained steady performance for the quarter. As of December 2025, Trent had a total of 1,164 stores in its portfolio, including 278 Westside outlets and 854 Judio stores. Four of the Judio stores are located in the UAE, marking the brand’s initial steps into international markets.

Judio has been the primary growth driver for the company, significantly changing Trent’s store mix and expanding its geographic reach. On the other hand, the growth of Westside, the company’s older and premium fashion brand, has been relatively slow, although it still contributes significantly to overall revenue.

Stock Performance:
In the past year, Trent’s shares have seen a sharp decline of 39.38%, indicating a major correction. The performance has remained negative over the last six months, with a drop of 18.71%. Over the past three months, the stock has fallen by 8.01%. However, there have been signs of a short-term recovery, with the stock increasing by 5.73% in the past month. Currently, Trent’s shares are trading above their short- and medium-term daily exponential moving averages (DEMA), though they are still below the long-term (100 and 200) DEMA.

As of 10:10 AM today, Trent’s stock was trading at ₹4,128.75, marking a decline of 6.79%. At this price, the company’s market capitalization stood at ₹1,46,771.89 crore. Its 52-week high was ₹7,349.95, and the low was ₹3,931.45.