New Delhi, July 8 -- Trent, the retail arm of the Tata Group, slid another 1% in Tuesday's trade (July 8), closing at Rs.5,440, taking its three-day loss to 12% and marking a 35% decline from its November peak of Rs.8,345 apiece.

After gaining ground from its April lows and posting gains over the following two months, the stock reversed its bullish streak in early July as investor sentiment weakened following management commentary about slower near-term growth in its core fashion business-the key driver of growth in recent quarters.

At its 73rd Annual General Meeting (AGM), Trent lowered its near-term growth expectations, projecting a 20% growth in its core fashion segment for the first quarter of the current fiscal year-well below its ...