ICICI Direct has given Buy recommendation for Trent with a target price of Rs. 1330 in its research report issued on Feb 11, 2021

ICICI Direct’s research report on Trent

Trent is India’s leading retailer with a presence across various consumer categories (400+ stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions have led Trent to be among the fastest growing companies in our retail coverage universe. Westside’ (75% of revenues) has proven to be one of the most profitable business models as it primarily focuses on selling private label brands (EBITDA margin: 11%, consistent SSSG: 8-9%) Zudio’ (22% of sales), the value fashion brand, continues to be the next leg of growth for Trent (revenue CAGR: 50% FY18-21)

Outlook

Robust performance during challenging times and industry leading performance will continue to warrant premium valuations for Trent. Hence, we maintain our BUY rating on the stock We value Trent at Rs 1330 based on SOTP valuation.

More Info on Trent

At 13:05 hrs Trent was quoting at Rs 1,056.00, up Rs 19.85, or 1.92 percent.

It has touched an intraday high of Rs 1,056.00 and an intraday low of Rs 1,026.50.

It was trading with volumes of 6,840 shares, compared to its thirty day average of 31,319 shares, a decrease of -78.16 percent.

In the previous trading session, the share closed down 3.18 percent or Rs 34.00 at Rs 1,036.15.

The share touched its 52-week high Rs 1,211.95 and 52-week low Rs 681.05 on 19 January, 2022 and 15 February, 2021, respectively.

Currently, it is trading 12.87 percent below its 52-week high and 55.05 percent above its 52-week low.

Market capitalisation stands at Rs 37,539.48 crore.

 

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