Buy Trent, target Rs 345.: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Trent Ltd. with a target price of Rs 345. The current market price of Trent Ltd. is Rs 325.5. The time period given by the analyst is Intra Day when Trent Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 314.

Trent Ltd., incorporated in 1952, is a midcap company with a market cap of Rs 10816.91 crore. Trent Ltd. key Products/Revenue Segments include Readymade Garments which contributed Rs 1688.98 Crore to Sales Value (97.17 % of Total Sales), Other Operating Revenue which contributed Rs 40.96 Crore to Sales Value (2.35 % of Total Sales) and Rent which contributed Rs 8.12 Crore to Sales Value (0.46 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 528.72 Crore, up 1.42 % from last quarter Sales of Rs 521.32 Crore and up 16.43 % from last year same quarter Sales of Rs 454.12 Crore Company has reported net profit after tax of Rs 11.66 Crore in latest quarter.


The company’s top management includes Mr.A Sen, Mr.B Bhat, Mr.B N Vakil, Mr.H Bhat, Mr.N N Tata, Mr.P Auld, Mr.P Venkatesalu, Mr.S N Tata, Mr.S Susman, Mr.Z S Dubash, Ms.S Singh. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-03-2018, the company has a total of 332,316,730 shares outstanding.