Buy Trent, target price Rs 5500: Motilal Oswal

Motilal Oswal has buy call on Trent with a target price of Rs 5500. The current market price of Trent Ltd. is Rs 5047.5.
Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 178742.06 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-2024.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 3374.57 Crore, down -4.86 % from last quarter Total Income of Rs 3546.95 Crore and up 48.79 % from last year same quarter Total Income of Rs 2268.06 Crore. Company reported net profit after tax of Rs 670.16 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 37.01 per cent stake in the company as of 31-Mar-2024, while FIIs owned 26.81 per cent, DIIs 13.89 per cent.