Trent Share Price Soars to New Heights! 📈💰
If you’re considering investing in a Tata Group company, keeping an eye on Trent Limited’s shares could be crucial. Brokers are bullish on these shares and are recommending buying them.
Domestic brokerage firm Motilal Oswal has advised buying large-cap share Trent at a target price of ₹4,100 with a stop loss of ₹3,830. Currently, Trent’s share price is at ₹4,035, its highest in 52 weeks.
What do brokers say? Motilal Oswal Financial Services’ derivatives and analyst Chandan Taparia has recommended buying large-cap shares at a target price of ₹4,100. On the BSE, Trent shares have hit a 52-week high of ₹4,035.00 and a low of ₹1,272.40. In the past six months, Trent shares have given a return of 105%, and in the last year, there has been a whopping 195% surge in share price.
Company’s third-quarter results: Tata Group’s retail company Trent recently announced its December quarter results. The company’s performance in the third quarter was better than expected. Trent’s net profit surged by 138% to ₹370.6 crore, and revenue increased by 50% to ₹3,466 crore. The company reported a 95% increase in income to ₹629 crore before interest, taxes, depreciation, and amortization. The margin was recorded at 18%, up from 14% in the same period last year.
Stay tuned for more updates on Trent Share Price! 🔍📊💼
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
