Trent Share Price
Trent Ltd., the fashion and lifestyle division of the Tata Group, had its shares rise as much as 4% on Thursday, September 26, to a record high of ₹7,911.
The significant increase occurred after Trent was covered by international brokerage company Citi, which recommended a “buy” with a target price of ₹9,250 per share. According to Citi, there may be a gain of around 21% from Wednesday’s closing prices. Trent is leading Street enhancements and surpassing peers, according to a note from Citi.
Trent Share Price Updates
According to the overseas brokerage, the company’s transition from a single-format to a multi-format business produced a noteworthy revenue compound annual growth rate (CAGR) of 36% between FY19 and FY24. Trent is anticipated to achieve industry-leading revenue, EBITDA, and profit after tax CAGRs of 41%, 44%, and 56%, respectively, from FY24 to FY27 as a multi-category operator in the fashion, lifestyle, groceries, and personal care sectors.
Trent is revitalizing its Star brand by utilizing its supply chain and the lessons it learned from Westside and Zudio. Citi claims that the business has the capacity to significantly expand the scope of its other pilot programs, such as MAS JV, Samoh, and MISBU.
Trent is on Citi’s Pan-Asia high-conviction focus list, in addition to being ranked as a top choice in the consumer discretionary and retail coverage in India. Key risks include increased competition, a slowdown in Zudio store development, and limited performance in new formats, according to the brokerage.
In a previous report, brokerage Nuvama Alternative & Quantitative Research stated that if Trent is added to the Nifty 50 index, the stock may receive inflows of up to $647 million.
Four of the twenty-one analysts who follow Trent have recommended a sell on the stock. Thirteen experts have rated the stock as a “buy,” while four more have recommended that it be held.
Trent Ltd.’s stock ended the day 0.083% lower at ₹7,615. The stock has increased by around 254% over the past 12 months, and it has gained by roughly 154% so far this year.
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FAQs
What’s the share price for Trent?
Rs.7,780.65/share
