Trent‘s share price continued its golden run on Tuesday after the company’s March quarter results impressed analysts and investors. The fashion and lifestyle brand owner has been one of the best-performing Tata stock of the past year. One of the reasons behind its success has been the constant growth of the retail chain Zudio. So what would have happened if you bought the stock, when the brand was just launched in 2016.
The Investment: If you had invested ₹10,000 in Trent in September 2016 —when Zudio was first launched in Bengaluru— you would have received around 50 shares of the company as the stock traded at ₹200 levels. Those 50 shares today, would be worth a massive ₹2.25 lakh.
Q4 Earnings Overview: The Tata Group company saw a multifold increase in its consolidated net profit, reaching ₹712 crore. Revenue from operations experienced an uptick of 52% to ₹3,298 crore compared to ₹2,182 crore in the same quarter of the previous year.
Here is how brokerage reacted to the company’s latest earnings:
| Brokerage | Rating | New Price Target (₹) |
|---|---|---|
| Antique Broking | Buy | 4,876 |
| Nuvama | Buy | 4,926 |
| Kotak Securities | Add | 4,600 |
| Morgan Stanley | Equalweight | 3,675 |
| HDFC Securities | Sell | 3,000 |
Price Action: Trent's share price was up 4.26% to trade at ₹4,498 at the time of writing on Tuesday.
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Note: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
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