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Buy Trent, target price Rs 960: Yes Securities

Yes Securities has buy call on with a target price of Rs 960. The current market price of Trent Ltd. is Rs 900.5 Time period given by analyst is Intra Day 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 31986.76 Crore) operating in Retail sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 972.99 Crore, up 8.60 % from last quarter Total Income of Rs 895.95 Crore and up 10.50 % from last year same quarter Total Income of Rs 880.54 Crore. Company reported net profit after tax of Rs 36.65 Crore in latest quarter.


Investment Rationale
Forming bullish candle, the stock has witnessed consolidation break out. Positive follow-up through could mean resumption of uptrend.

Promoter/FII Holdings
Promoters held 37 per cent stake in the company as of Dec 30, 2020, while FIIs held 29.4 per cent, DIIs 10 per cent and public and others 23.6 per cent.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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