📈 Trent Share Price Surges After Strong Results
On Tuesday, Trent Limited, the retail arm of the Tata Group, saw a significant uptick in its share price based on its latest results. The stock jumped by over 7% in early trading, reaching a new 52-week high. Brokerage firms have recommended buying Trent shares following the results. Over the past year, the stock has delivered nearly 230% multi-bagger returns to investors and also announced a 20% dividend per share.
📊 Brokerages Bullish on Trent, Set High Price Targets
Brokerage house Nuvama has advised buying Trent shares with a target price of ₹4,926 per share, up from ₹4,304. The company’s strong performance in the industry in the March quarter led to a 4.5% year-on-year increase in overall margins and revenue growth exceeding 50%. The renowned brand has expanded its store count to 545, with high gross margins prompting a buy recommendation with a target price of ₹4,926.
📈 Upgrades and Targets Raised for Trent Shares
Antique Stock Broking upgraded Trent’s rating from Hold to Buy, setting a target price of ₹4,876 per share, up from ₹3,771. The company’s robust performance in the March quarter has positioned the stock for upgrades and re-rating.
💰 Strong Financial Performance and Dividend Announcement
Motilal Oswal has set a target of ₹4,870 per share for Tata Group’s retail arm Trent, following a significant increase in net profit to ₹654 crore in the fourth quarter of the financial year 2024. Revenue also rose to ₹3,187 crore, with the company’s margin expanding from 10.2% to 15% year-on-year. The company’s board approved a final dividend of ₹3.2 per equity share.
📈 Trent Share Price Hits 52-Week High
In Tuesday’s trading session, Trent’s share price surged by 7% to reach ₹4,669.95, hitting a 52-week high. The stock has delivered a 230% return to investors over the past year, with a 112% jump in the last six months alone. With a market capitalization exceeding ₹1.60 lakh crore, Trent continues to be a strong performer in the retail sector.
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