Trent Stock Price :There is a stormy rise in the share trend of Tata Group today. Today on NSE this share became stronger by 8 percent and reached the price of around Rs 4670, which had closed at Rs 4314 on Monday. This stock has been a multibagger for investors and has given around 1100 percent returns in 5 years. After the quarterly results, most of the brokerage houses are bullish on the stock going forward and have advised to invest.
This stock of Tata Group is included in the portfolio of famous investor and businessman Radhakishan Damani. However, at present his holding is less than 1 percent. The share has given 217 percent return in 1 year and about 1100 percent return in 5 years. In 5 years the share increased from Rs 384 to Rs 4670. Let us tell you that Trent’s revenue increased by about 51 percent on an annual basis to Rs 3298 crore in the March quarter of financial year 2024, which was Rs 2183 crore in the same quarter a year ago.
JNK India made investors happy, gave 70% return on the day of debut, what to sell and earn profit
Brokerage House Rating and Target
IIFL
Rating: Buy
Target price: Rs 4720
Motilal Oswal
Rating: Buy
Target price: Rs 4870
ICICI Securities
Rating: HOLD
Target price: Rs 4200
antique stock broking
Rating: BUY
Target price: Rs 4876
Equirus Securities
Rating: ADD
Target price: Rs 4719
Centrum Broking
Rating: ADD
Target price: Rs 4564
Phillip Capital
Rating: BUY
Target price: Rs 4771
Antique
Rating: Buy
Target price: Rs 4876
Nuvama
Rating: Buy
Target price: Rs 4926
morgan stanley
Rating: Equal weight
Target price: Rs 3675
Jefferies
Rating: Hold
Target price: Rs 4150
Indegene IPO: Keep money ready in the account, third IPO of the year is coming, indications of high returns from GMP.
What does the brokerage house say?
Brokerage House Motilal Oswal According to TRENT reported strong standalone revenue growth of 53% (in-line) in 4QFY24, led by 10% LFL and 37% YoY store addition. Strong revenue growth coupled with improvements in GM and operating leverage resulted in EBITDA and PAT growth of 2.3x/2.4x. Trent’s strong performance with 10 per cent LFL growth and strong footprint additions is an outlier in the Aller retail coverage universe, which is facing a challenging demand environment.
Unlike Pierce, which had to endure a sharp rise in RM prices last financial year, Trent absorbed the impact given strong customer reception, and is now benefiting from the softening of RM prices. – Trent’s industry-leading revenue growth driven by these factors: a) healthy SSSG and productivity, b) strong footprint additions, and c) healthy scale-up at Zudio, providing a huge runway for growth over the next three to five years Does.
ICICI Bank: Due to strong earnings, this banking stock became the top gainer of Sensex 30, brokerage also got high, gave high target
Brokerage House ICICI Securities Back-to-back 10% SSSG over the last three quarters is impressive (significantly better performance than competitors). Retail expansion has been in line with expectations (203 Zudio stores and 30 Westside added in FY2024). Zudio’s contribution is now 53 per cent (retail sector) and is expected to reach 60 per cent by adding 400+ stores during FY 2025-26E. The brokerage believes that Zudio has a path to reach 2000 stores in the next 7 years. Total productivity (revenue psf) has improved by 4% YoY to Rs 15,000 psf (due to better performance of Zudio).
The only negative in the company’s results was more store closures in Westside (7 stores in 4Q; 12 in FY24). However, it is still in healthy limits. Margins remain healthy, while ROIC has improved due to capital light expansion at Zudio. The extraordinary gain is temporary due to reassessment of lease assets/liabilities.
(Disclaimer: The advice for investing or selling stocks has been given by experts and brokerage houses. These are not the personal views of Financial Express. There are risks in the market, so take expert advice before investing.)