The Nifty50 pared gains after hitting fresh record highs on Tuesday in intraday trade. The S&P BSE Sensex fell nearly 200 points while the Nifty50 closed in the red after hitting a record high of 22,783. Sectorally, buying was seen in power, realty, and auto while energy, oil & gas, healthcare, and IT stocks saw … Read more
Fashion and lifestyle player Trent on Monday reported a multifold jump in consolidated net profit at Rs 712 crore for the quarter ended March 31, 2024. The profit stood at Rs 45 crore in the corresponding quarter last fiscal. The company reported a revenue of Rs 3,298 crore, up 51% year-on-year (YoY) from Rs 2,183 … Read more
Trent became the fifth stock among the listed Tata Group companies to cross a market capitalisation of Rs 1 lakh crore. Other group stocks with a market cap of over 1 lakh crore are Tata Consultancy Services (TCS), Titan, Tata Motors and Tata Steel. At 2:45 pm, Trent’s market cap stood at Rs 100,183.47 crore. … Read more
Citing rich valuation, domestic brokerage firm Kotak Securities initiated coverage on with a reduce rating with a target of Rs 1,320, an upside of 6% from the current market price of Rs 1,243. The brokerage said it likes Trent’s ability to conceptualize and scale up new formats within short periods of time. It also forecasts … Read more
Tata Group firm recently came out with its annual report, which suggested the retailer is pursuing growth aggressively, at all cost. The stock has performed exceptionally over the last five years, delivering nearly 35 per cent returns compounded annually. A few brokerages see up to 36 per cent further upside on Trent. This is despite … Read more