New Delhi, April 7 -- Shares of Tata Group's retail arm Trent witnessed a steep sell-off on Monday, April 7, emerging as one of the biggest losers on the benchmark Nifty 50 index. The stock plunged as much as 19 percent during the session after the company released its March quarter business update, triggering a wave of investor anxiety over valuations and earnings sustainability.

With Monday's fall, Trent has extended its losing streak to three consecutive sessions. The decline also marked the stock's sharpest single-day drop since June 2024 and led to an erosion of around Rs.28,000 crore in market capitalisation-the biggest single-day wealth destruction for the company since March 2020.

Trent is now down 43 percent from its 52-week hi...