Buy Trent, target Rs 497: Dharmesh Shah

Dharmesh Shah of ICICI Direct has buy call on Trent Ltd. with a target price of Rs 497. The current market price of Trent Ltd. is Rs 472.3. Time period given by the analyst is Intra Day when Trent Ltd. price can reach the defined target. Dharmesh Shah recommended to keep stoploss at Rs 458. Trent Ltd., incorporated in 1952, has a market cap of Rs 16789.67 crore.

Trent Ltd. key Products/Revenue Segments include Readymade Garments which contributed Rs 2217.61 Crore to Sales Value (98.68 % of Total Sales), Other Operating Revenue which contributed Rs 19.29 Crore to Sales Value (0.85 % of Total Sales) and Rent which contributed Rs 10.37 Crore to Sales Value (0.46 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 799.88 Crore, up 15.20 % from last quarter Sales of Rs 694.33 Crore and up 30.10 % from last year same quarter Sales of Rs 614.82 Crore Company has reported net profit after tax of Rs 36.87 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 06-08-2019, the company has a total of 355,487,461 shares outstanding.