Trent overtakes DMart in market cap terms as Damani-owned stock falls 9% post Q2 results

As of October 14, Tata Group-owned Trent's market capitalization reached Rs 2.93 lakh crore, surpassing Avenue Supermarts' Rs 2.73 lakh crore following the latter's disappointing Q2 results. Shares of Avenue Supermarts' DMart fell 9.3% intraday due to several broker downgrades, with target prices lowered to Rs 3,702.