Wed, Jan 15, 2025 12:06 PM
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A Flip by Swapnil Tiwari
Shares of Trent rallied 5% on Wednesday, January 15, after domestic brokerage Elara Securities initiated a 'buy' rating on the Tata-owned retail major. The brokerage eyes a potential upside of 38 per cent in the next 13 months at a target price of ₹8,500. Trent, a subsidiary of the Tata Group, is a leading player in India's retail industry and manages well-known brands, Zudio and Westside.
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✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 224.45 points or 0.29% at 76,724.08, and the Nifty was up 37.15 points or 0.16% at 23,213.20. 📊Among sectoral, Nifty Infra (⬆️0.97%) turned out to be the best performer while Nifty Pharma (⬇️1.04%) saw considerable selling.
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Trent shares gained as much 4.89 percent on January 15 at Rs 6,519 apiece, following Elara Securities' "Buy" recommendation on the stock. Follow for more live updates. Elara Securities has initiated coverage on Trent with a "Buy" rating and a target price of Rs 8,500. The brokerage expects Trent to maintain industry-leading metrics due to differentiated product offerings,.
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