Tata Group’s Stock Gave 235% Massive Return; Experts Predict 18% Upside

Trent Ltd (NSE: TRENT) Tata Group Stock: Tata Group’s retail stock Trent Ltd showed good growth despite the sluggish start to the market following a Hindenburg Research report.

The stock rose around 2.5 percent, achieving a new 52-week record. The effect of Trent’s great results was evident in the stock.

In the quarter ending June (Q1FY25) the company’s profit increased by 135 percent and revenue increased by 35 percent.

Following the results, the brokerage houses are confident about Trent (Trent’s share price).

An American multinational investment bank has also upgraded the rating. The stock has posted an annual return of 235 percent in the past year.

Trent Stock: 7400 Is The Next Target

A major American international investment company has upgraded its rating of Trent from “equal weight” to “overweight”.

The price of the target has been raised from Rs 4,812 to Rs 7,400. On the 12th of August, 2024, the price of the stock ended at Rs 6375.

In this manner, the stock could show an increase of around 18 percent over the current price.

A well-known brokerage company has recommended purchasing Trent Limited. Additionally, the price target per share is Rs 7,136.

The brokerage claims that Trent has yet again delivered impressive results. Trent reported better numbers than the industry.

The company saw double-digit growth. The company has increased its “Star” footprint. Trent also has SSSG (same-store sales increase) at 22 percent in June.

The company says its growth will remain steady in the coming years and beyond.

About the impressive development in Star Bazaar and Zudio, the brokerage has increased the revenue forecast for FY25E/26E from 6.7 percent to 20.5 percent and the estimate of net profits by 31.1 percent to 44.2 percent.

This means that the goal for the share has been increased by 14 percent from Rs 5,365 to Rs 7,136.

Trent: Made Rs 1 Lakh Into Rs 3.35 Lakh In 1 Year

The Tata Group’s Multibagger Stock Trent witnessed a strong increase in trading early this Tuesday (August 12,).

The stock gained approximately 2.5 percent to hit a new 52-week record high of Rs 6,436. The stock’s performance throughout all of the past year is impressive.

Over the past year, Trent made a profit of around 235 percent. This means that the amount invested of 1 lakh rupees went up to Rs 3.35 lakh in one year.

As of 2024, the performance of the stock is 110 percent. This means it has nearly doubled the capital that investors have received this year.

The stock has also shown an increase of 65 percent over six months and 40 percent within three months. The 52-week peak of this stock at BSE is Rs 6,436 while the lowest price is Rs 1,858.05.

The market capitalization for the company is more than the value of Rs 2.24 lakh crores.

Trent: How Were The Q1 Results?

The retail division of Tata Group Trent’s profits jumped 135 percent to Rs 391.2 crore for the 1st quarter (Q1FY25). It was 166.6 crore in that same period last year.

Revenue rose 56 percent, reaching Rs 4,104 crore. Earnings per Share (earnings per share) went up from 4.88 rupees to 11.04 rupees in June. It was Rs 19.81 in March.

EBITDA operating profit increased by 66.7 percent to Rs 612.6 crore. EBITDA margin grew from 14 percent to 15 percent.

Trent stated that it opened 25 new stores in June. This means that the total number of stores has risen to 823. The company’s presence now spans 178 cities.

According to the company, at the time of July 30, 2024, it had 559 Zudio, 228 Westside, and 36 concept stores for lifestyle.

This quarter, 6 Westside as well as 16 Zudio were launched in 12 cities.

Trent Ltd Stock Performance

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