Tata Group's Trent surpassed Avenue Supermarts (DMart) in market capitalization on Oct 14.

On October 14, Tata Group's Trent surpassed Avenue Supermarts (DMart) in market capitalization, reaching ₹2.92 lakh crore compared to DMart's ₹2.72 lakh crore. This shift followed a 9.3% drop in DMart's stock due to disappointing Q2 results and downgrades from brokerages. Trent's growth is attributed to Noel Tata's recent appointment as Tata Trusts chairman and the successful launch of its lab-grown diamond brand, Pome, in select stores.

October 14, 2024
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