Buy Trent, target price Rs 4200: Motilal Oswal

Trent Ltd. key Products/Revenue Segments include Readymade Garments, Other Operating Revenue and Rent for the year ending 31-Mar-2023.

By ETMarkets.com | Updated: Feb 08, 2024, 09.22 AM IST

Promoters held 37.01 per cent stake in the company as of 31-Dec-2023, while FIIs owned 25.91 per cent, DIIs 14.82 per cent.

Motilal Oswal has buy call on Trent with a target price of Rs 4200. The current market price of Trent Ltd. is Rs 3665.25.

Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 128242.10 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 31-12-2023, the company reported a Consolidated Total Income of Rs 3546.95 Crore, up 15.82 % from last quarter Total Income of Rs 3062.47 Crore and up 49.96 % from last year same quarter Total Income of Rs 2365.24 Crore. Company reported net profit after tax of Rs 340.96 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 37.01 per cent stake in the company as of 31-Dec-2023, while FIIs owned 25.91 per cent, DIIs 14.82 per cent.

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