Trent stock surges 4% on bonus issue announcement. The retail company's board will meet April 22 to consider a bonus share issuance subject to shareholder approval, alongside financial results announcement. The board will also deliberate on dividend payout recommendations and introduce an employee stock option scheme. Additionally, Trent seeks approval to raise funds through equity issuance via rights issue or other permitted methods. The company reported 20% year-on-year revenue growth to Rs 4,937 crore in its recent quarterly update, with store network expansion to 1,286 outlets. However, analysts expect operating profit decline in Q4, with Goldman Sachs estimating 18% sales growth driven by like-for-like expansion.
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