Buy Trent, target price Rs 1180: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has buy call on Trent with a target price of Rs 1180. The current market price of Trent Ltd. is Rs 1129.15. 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 40145.20 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 31-03-2022, the company reported a Consolidated Total Income of Rs 1372.97 Crore, down -10.26 % from last quarter Total Income of Rs 1529.95 Crore and up 41.11 % from last year same quarter Total Income of Rs 972.99 Crore. Company reported net profit after tax of Rs -11.26 Crore in latest quarter.

Investment Rationale
Started to come out of its range on daily frame and turning higher after forming a base on weekly frame

Promoter/FII Holdings
Promoters held 37.01 per cent stake in the company as of 31-Mar-2022, while FIIs owned 28.32 per cent, DIIs 13.43 per cent.