Monday, December 11, 2023

Trent stocks: Buy Trent, target price Rs 2750: Axis Securities

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Axis Securities has buy call on Trent with a target price of Rs 2750. The current market price of Trent Ltd. is Rs 2648.9.Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 93235.47 Crore) operating in Retail sector.

Trent Ltd. key Products/Revenue Segments include Readymade Garments, Other Operating Revenue and Rent for the year ending 31-Mar-2023.

For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 3062.47 Crore, up 14.25 % from last quarter Total Income of Rs 2680.39 Crore and up 51.41 % from last year same quarter Total Income of Rs 2022.66 Crore. Company reported net profit after tax of Rs 202.69 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 37.01 per cent stake in the company as of 30-Sep-2023, while FIIs owned 26.17 per cent, DIIs 14.89 per cent.

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