Trent Ltd (TRENT)

Trent Posts Stellar Q4 Performance; Witnesses Fresh Long Positions - 02 May, 2024

Trent Limited beat earnings expectations and posted strong Q4FY2024 results with over 50% YoY revenue growth and sharp EBITDA margin expansion. The stock also saw an increase in fresh long positions in the F&O market.

Trent Reports Strong Q4 Numbers and Solid Balance Sheet - 01 May, 2024

Trent Limited reports a solid balance sheet with net cash and strong Q4 results showing significant revenue growth and profit increase.

Trent Shares Surge After Robust Q4 Results - 30 Apr, 2024

Trent Ltd's Q4FY24 consolidated net profit rose nearly 16 times YoY to Rs 712 crore while revenue surged 51% to Rs 3,298 crore. Brokerages raised target prices for Trent shares. The stock rallied over 8% and hit an all-time high of Rs 4,670.

Trent Reports Multi-Fold Rise in Net Profit for Q4 FY24 - 29 Apr, 2024

Trent Limited, which owns and operates fashion and lifestyle retail chains such as Westside, Zudio and Utsa, reported a multi-fold year-on-year rise in consolidated net profit at Rs 712 crore in the quarter ended 31 March, 2024. Revenue from operations increased 51 percent to Rs 3,298 crore from Rs 2,183 crore in same quarter last fiscal.

Trent Ltd Expected to Outshine Peers in Low-Priced Apparel Market - 26 Apr, 2024

Tata's Trent is expected to perform well as low-priced apparel attracts young buyers, while peers have been forced to raise prices due to higher costs. Consumers remain discerning about expenses due to sticky inflation.

Trent Ltd Stock Hits Fresh Highs - 24 Apr, 2024

Specialty retail industry stock Trent Ltd has rallied over 200% in the last year, hitting fresh highs. Recent momentum helped it break out from a narrow consolidation range on daily charts to hit a new record high in April 2024. Short to medium-term investors can look to buy on dips for a possible target above 5,000 levels.

Motilal Oswal Recommends Buying Trent with Target Price of ₹3950 - 23 Apr, 2024

Trent Ltd is in a strong uptrend and on the verge of Pole & Flag breakout on weekly chart after nine weeks. The stock formed a strong bullish candle with long lower shadow and gave highest daily close. Momentum indicator Relative Strength Index (RSI) is also on the verge of positive crossover which indicates momentum to pick up in coming sessions. Motilal Oswal recommends buying Trent with a target price of ₹ 3950 and stop loss of ₹ 4500.

Trent Ltd Records Surge in Volume - 22 Apr, 2024

Trent Ltd recorded a surge in volume, with 2.15 lakh shares traded on BSE, a 3.07 times increase over the two-week average daily volume of 69998 shares. The stock gained 1% to Rs.4,194.25.

Trent Ltd Expected to Rally Towards Month End - 20 Apr, 2024

Technical analysis suggests Trent Ltd may rally towards the end of the month, with a target of 4300. The stock is holding ground at almost its all-time high trajectory.

Trent Ltd's Net Profits Jump 113% in Q3 FY24 - 03 Apr, 2024

Motilal Oswal has a buy tag on Trent due to strong revenue productivity, aggressive store additions, margin tailwinds from moderating RM, and operating leverage. Trent's net profits jumped 113 percent YoY to Rs 343.6 crore in Q3 FY24, while revenue increased 51 percent YoY to Rs 3,389 crore and operating profit margins improved to 18.81 percent.