Sell Trent, target price Rs 850: HDFC Securities

HDFC Securities has sell call on Trent with a target price of Rs 850. The current market price of Trent Ltd. is Rs 1162.
Time period given by analyst is one year when Trent Ltd. price can reach defined target. Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 41028.59 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-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1225.52 Crore, up 124.95 % from last quarter Total Income of Rs 544.79 Crore and up 96.85 % from last year same quarter Total Income of Rs 622.58 Crore. Company reported net profit after tax of Rs 69.98 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 37.01 per cent stake in the company as of 31-Dec-2021, while FIIs owned 28.94 per cent, DIIs 12.47 per cent.