Trent’s share price is gaining steady ground and hit an intra-day high of Rs 5,670 after a rating upgrade from global brokerage house Goldman Sachs. The brokerage house has a Buy call on the fashion retail company from Tata Group, Trent. It has a target price of Rs 8,120 per equity share, an upside of 45% from the current levels. According to the report, the acceleration in Zudio’s store addition in FY25 is a big positive and it has long-term potential for investors.
Zudio has a significant increase in market share in the value segment. Also, it believes that Trent has the highest earnings growth potential in the Indian consumer coverage.
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Apart from Goldman, Axis Securities in a note added, “Surpassing last month’s peak, driven by the company’s news of exceeding 1,000 large-format fashion stores, specifically 248 Westside and 757 Zudio retail locations. This announcement spurred a notable spike in trading volume, marking the highest single-day transaction volume since mid-February 2025.”
Trent Q3 results
In the third quarter of the current financial year, the company’s consolidated net profit jumped 45.6% year-on-year to Rs 496.54 crore, compared to Rs 341.0 crore posted in the same period of the previous fiscal year. Its consolidated revenue from operations rose 34.3% YoY to Rs 4,656.6 crore, as against Rs 3,466.6 crore reported in Q3 FY24. Trent’s earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 34.4% YoY to Rs 838 crore.
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The share price of Trent has risen 4.5% in the last five trading days. The stock has given a return of 13% in the last one month. However, it has fallen more than 25% in the past six months. The Tata Group stock has raised investors’ wealth by almost 44% in the previous on year.
To compare, the benchmark index, Nifty 50 has fallen more than 2% in the last five days. The index has given a return of 4.7% in the past one month and declined 1.67% since November 2024.
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