Buy Trent, target price Rs 1165: Kotak Securities

Kotak Securities has buy call on Trent Ltd. with a target price of Rs 1165. The current market price of Trent Ltd. is Rs 1129.5. Time period given by analyst is Intra Day 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 40210.96 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 31-12-2021, the company reported a Consolidated Total Income of Rs 1529.95 Crore, up 24.84 % from last quarter Total Income of Rs 1225.52 Crore and up 70.76 % from last year same quarter Total Income of Rs 895.95 Crore. Company reported net profit after tax of Rs 87.31 Crore in latest quarter.

Investment Rationale
Breakout from its Ascending Triangle chart pattern, indicating fresh up move in the counter.

Promoter/FII Holdings
Promoters held 37.01 per cent stake in the company as of 31-Dec-2021, while FIIs owned 28.94 per cent, DIIs 12.47 per cent.