Buy Trent, target price Rs 1444: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has buy call on Trent with a target price of Rs 1444. The current market price of Trent Ltd. is Rs 1411.75. 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 49155.03 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-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1846.98 Crore, up 34.52 % from last quarter Total Income of Rs 1372.97 Crore and up 239.03 % from last year same quarter Total Income of Rs 544.79 Crore. Company reported net profit after tax of Rs 80.92 Crore in latest quarter.

Investment Rationale
Making higher highs – higher lows over seven sessions with price volume breakout on daily frame