Trent stocks: Buy Trent, target price Rs 1500: Axis Securities

Axis Securities has buy call on with a target price of Rs 1500. The current market price of . is Rs 1321.35. Time period given by analyst is one year when Trent Ltd. price can reach defined target.

Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 47142.97 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-2022.

Smart Talk


For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1846.98 Crore, up 34.52 % from last quarter Total Income of Rs 1372.97 Crore and up 239.03 % from last year same quarter Total Income of Rs 544.79 Crore. Company reported net profit after tax of Rs 80.92 Crore in latest quarter.

Investment Rationale
The brokerage believes Trent is well-placed to perform well in post COVID-19 era, driven by its success in the ‘Westside’ concept (exclusive brands at competitive prices), the ramp-up of value fashion format ‘Zudio’, sustainable margins led by superior store metrics, supply chain optimization, diligent focus on cost rationalization, and a healthy balance sheet.

Promoter/FII Holdings
Promoters held 37.01 per cent stake in the company as of 30-Jun-2022, while FIIs owned 26.82 per cent, DIIs 14.58 per cent.

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