11/11/2024, 10:32:03 am

Trent's Zudio is a 'multi-year share gain story', says Goldman Sachs

Brokerage firm Goldman Sachs has initiated coverage on Tata Group's Trent Ltd. with a "buy" rating and a price target of ₹8,000, implying a 27% potential upside, citing Zudio's "multi-year share gain story" and expecting sales to grow at a 27% CAGR from FY2024 to 2035 due to its unique business model and low competitive risk.