Trent’s share price is gaining steady ground and hit an intra-day high of Rs 5,670 after a rating upgrade from global brokerage house Goldman Sachs. The brokerage house has a Buy call on the fashion retail company from Tata Group, Trent. It has a target price of Rs 8,120 per equity share, an upside of 45% from the current levels. According to the report, the acceleration in Zudio’s store addition in FY25 is a big positive and it has long-term potential for investors.
Zudio has a significant increase in market share in the value segment. Also, it believes that Trent has the highest earnings growth potential in the Indian consumer coverage.
Apart from Goldman, Axis Securities in a note added, “Surpassing last month’s peak, driven by the company’s news of exceeding 1,000 large-format fashion stores, specifically 248 Westside and 757 Zudio retail locations. This announcement spurred a notable spike in trading volume, marking the highest single-day transaction volume since mid-February 2025.”
Trent Q3 results
In the third quarter of the current financial year, the company’s consolidated net profit jumped 45.6% year-on-year to Rs 496.54 crore, compared to Rs 341.0 crore posted in the same period of the previous fiscal year. Its consolidated revenue from operations rose 34.3% YoY to Rs 4,656.6 crore, as against Rs 3,466.6 crore reported in Q3 FY24. Trent’s earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 34.4% YoY to Rs 838 crore.
Trent stock performance
The share price of Trent has risen 4.5% in the last five trading days. The stock has given a return of 13% in the last one month. However, it has fallen more than 25% in the past six months. The Tata Group stock has raised investors’ wealth by almost 44% in the previous on year.
To compare, the benchmark index, Nifty 50 has fallen more than 2% in the last five days. The index has given a return of 4.7% in the past one month and declined 1.67% since November 2024.