New Delhi, July 11 -- Shares of Tata Group's retail arm Trent Ltd continued their downward trajectory on Friday, July 11, declining by another 1 percent to touch a day's low of Rs.5,367.55. This extended the stock's losses to 13.5 percent in July so far, and marked an overall decline of nearly 36 percent from its record high of Rs.8,345, touched in November 2024.

The recent correction follows a sustained rally in April and May, during which the stock had rebounded from its earlier lows. However, investor sentiment turned cautious at the start of the current month after the company's management commentary signalled slower growth in the near term for its core fashion business, which has been the primary engine of Trent's expansion in recen...