Kotak Securities Has Reduce Call On Large Cap Multibagger Tata Group Stock

Leading brokerage firm has "Reduce Call" on multibagger large cap Tata Group stock, Trent Ltd with a target price of Rs 1320 apiece. The current market price of the stock is Rs 1240 apiece. According to Kotak Securities, "We believe Trent's business model is scalable.

The sharp increase in the store count of Zudio, with RoACE similar to the core Westside format, gives us confidence that Trent has a suitable platform comprising various functions such as real estate acquisition, store management, and supply chain, which can be replicable across formats. We believe a premium is justified, given Trent's superior growth trajectory and larger TAM." Check key details below:

1. Trent Stock Performance

The stock has declined 3% intraday with current market price of the stock at Rs 1240 apiece. The stock's 52-week high is Rs 1571 apiece and 52-week low is Rs 983 apiece, respectively. The company has a market capitalisation of Rs 44,069 crore.

2. Trent Dividend History & Dividend Yield

The company for the year ending March 2022 announced an equity dividend of 170% or Rs 1.7 per share. If the current market price of Rs 1240 is taken into consideration, the company has a dividend yield of 0.14%. The company has a good dividend history and regularly declared dividends for the last 5-years.

3. Trent Return

The stock has given 15% return in last 1-year, 134% return in last 3-years, and 254% return in last 5-years. The shares of the large cap stock has declined 14% in last 3-months, 15% in last 3-months, and 8% in just 1-week.

The company for the quarter ended September 30, 2022 declared a consolidated total income of Rs 2022 crore, up a little over 9% from last quarter total income of Rs 1846 crore.

4. About Trent Ltd

Established in 1998 and part of the Tata group, Trent is headquartered in Mumbai but has pan-India operations. Trent is one of the leading players in the branded retail industry in India.

The company primarily operates stores across four formats, as below: Westside offers an exclusive range of its own branded fashion apparel and is the mainstay of the retailing business of the company. The company has already established 174 Westside stores across 90 cities. Zudio offers irresistible fashion at irresistible prices. The company has established 133 Zudio stores across 57 cities.

Star, is a fresh food and grocery retail chain, operating 60 stores across 7 cities. Landmark, a family entertainment concept, operates through six independent stores and retailed through select Westside locations.

Disclaimer

The stock has been picked from the brokerage report of Kotak Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.