Trent, Honasa Consumer ride May 22 rally as Nifty closes at 23,703
Tata-owned Trent and BPC challenger Honasa Consumer featured among top gainers as Nifty 50 closed 0.40% higher at 23,703 and Sensex added 0.36% to 75,425. Private banks led sectoral gains; consumer-facing retail names participated despite mixed breadth.
Trent and Honasa Consumer featured among top gainers on May 22 as Nifty 50 closed 0.40% higher at 23,703. Broader markets mixed; private banks led sectoral gains while media and pharma lagged.
Why this matters
Rally offers brief reprieve for Trent, which has slid 40% YTD and faces a potential Sensex exit in June 2026, with Hindalco and Shriram Finance lined up as replacements. Ambit recently reiterated Trent as a buy.
Retail-brand signals steady at 510 over the past 90 days.