Trent experienced a significant stock drop. This happened after the company lowered its first-quarter growth forecast. Investors reacted by selling shares. Analysts predict a further decline in the stock price. Nuvama brokerage downgraded Trent’s rating. They also reduced the target price. The company’s future growth trajectory is now uncertain. Investors are advised to be cautious.
South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why
The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered “sidecar” trading curbs on both the Kospi and the junior Kosdaq