Trent share price: Nifty Top Gainer jumps 3% in the subdued Indian stock market; Here's why

Tata Group Stock Trent Limited achieved more than 3% in the intraday transactions on Friday, August 29, named by media reports proposed by the government to rise the threshold for Readymade garments and attract 5% goods and service taxes (GST). According to a report from CNBC TV18, the Government of India has made a proposal to rise the price threshold for tool clothes, which attracted 5% GST to £ 2,500 of £ 1,000 earlier, increasing the shares of Trent by more than 3% in intraday transactions. As a result, Trent emerged as the top performing Nifty 50 stock. The profits came, even when the Indian stock market traded on a subdued note, with investors staying on the sidelines amid the rates imposed by the US on Indian goods.