Time period given by analyst is 1 months when Trent price can reach defined target.
Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 37125.33 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-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 544.79 Crore, down -44.01 % from last quarter Total Income of Rs 972.99 Crore and up 79.77 % from last year same quarter Total Income of Rs 303.05 Crore. Company reported net profit after tax of Rs -116.56 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to accelerate its current up move and head towards Rs 1120 levels as it is the 161.8% external retracement of the last two weeks breather (Rs 1050-953) placed at Rs 1120 levels.
Promoter/FII Holdings
Promoters held 37 per cent stake in the company as of Dec 30, 2020, while FIIs held 29.4 per cent, DIIs 10 per cent and public and others 23.6 per cent.
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