The IIFL Research Report: Buy Trent

IIFL Research has buy call on Trent with a target price of Rs 4220. The current market price of Trent is Rs 4118

About Trent:

Trent is a leading retail company in India, incorporated in 1998 and listed on the National Stock Exchange (NSE) of India since 2002. A part of the Tata Group, Trent operates over 1,300 stores in over 100 cities in India. The company offers a wide range of products across categories such as apparel, accessories, footwear, and home décor. Trent's portfolio includes the iconic brands Westside, Zudio, Star Bazaar, Landmark, and Tata Cliq. The company focuses on providing a differentiated shopping experience to customers through its retail stores, online platform, and loyalty program.

52 Week Price Trend:

TRENT, with a current market price of Rs 4118.52, has exhibited significant volatility within the past 52 weeks. The stock reached its highest point at Rs 4099.8, suggesting a potential for growth. However, it also saw a low of Rs 1272.85, indicating the presence of market risks. These wide fluctuations highlight the inherent volatility associated with TRENT's stock and warrant careful consideration before making any investment decisions.

Stratzy's Analysis:

TRENT's AA rating from Stratzy's MOST framework indicates low fundamental risks based on its strong management, positive outlook, sound safety practices, and favorable trend analysis. This suggests that TRENT has a well-balanced and stable business model with minimal risk factors, making it a potentially attractive investment opportunity.

Company's Fundamentals:

Trent Ltd., listed on the National Stock Exchange (NSE) under the ticker symbol "TRENT", has a current stock price-to-earnings (PE) ratio of 168.23, indicating that investors are willing to pay 168.23 times the company's annual earnings per share for its stock. The company's price-to-book (PB) ratio of 46.9 suggests that its market value is more than 46 times its book value, implying a premium valuation. Trent's dividend yield, currently at 0.06%, is relatively low, indicating that it does not prioritize regular dividends to shareholders and may instead be focusing on growth and expansion.

Fundamental and Technical information provided in this blog were last updated on 15 Mar, 2024

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