Buy Trent, target price Rs 2750: Motilal Oswal

Motilal Oswal has buy call on Trent Ltd. with a target price of Rs 2750. The current market price of Trent Ltd. is Rs 2462.

Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 86419.00 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-2023.



Financials
For the quarter ended 30-06-2023, the company reported a Consolidated Total Income of Rs 2680.39 Crore, up 18.18 % from last quarter Total Income of Rs 2268.06 Crore and up 45.12 % from last year same quarter Total Income of Rs 1846.98 Crore. Company reported net profit after tax of Rs 140.08 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 37.01 per cent stake in the company as of 30-Sep-2023, while FIIs owned 26.17 per cent, DIIs 14.89 per cent.