Who is Harish Bhat? Why the Tata veteran resigned from Trent's board and what he told Noel Tata
Trent is in focus in a governance development.
· LiveMint Companies
Harish Bhat submitted his resignation to Chairman Noel Tata recently. He stepped down from the Board of Directors of Trent Ltd as per the documents.
The analysis
Against that, the stock is -2.3% on the day at ₹2,891.60, and has returned +3.4% over three months. It sits 40% below its 52-week high, which means a good deal of bad news was already in the price. The consumer & retail sector has moved -4.6% over the same period, so Trent is running 8.0 points ahead of its peers.
For Trent, the question is how much of this is already reflected in the price and how much re-rates the consumer & retail peer set alongside it.
Why it matters
- Governance events hit the valuation multiple, not just the earnings — and the de-rating is usually faster than the recovery.
Market context
- The company directly in focus is TRENT.
- Sector exposure: Consumer & Retail.
- The immediate tone of coverage reads negative.
In this story
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