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Buy This Two Largecap Retail Fashion Brand Stocks For Upto 38% Return

On June 13, the Indian equity markets crashed, Nifty fell by 2.64% and closed at 15,774.40 points. With this stressed market scenario, ICICI Direct recommends these two branded retail stocks for soaring near-term returns; check portfolis.
Trent Ltd
Trent Ltd's current market price is Rs. 1100, ICICI Direct estimated a target price of Rs. 1470, for 34% return. Its market capitalization (large cap) is Rs. 39,101 crore.
Financial performance
In Q4FY22, this Tata group company's total income stood at Rs. 1,18,526 lakh, PBT quoted at Rs. 9,472 lakh, and its net profits stood at Rs. 7,487 lakh, as per NSE data.
ICICI Direct thinks
Giving buy rating ICICI said, Trent has been an exceptional performer with the stock price appreciating at around 35% CAGR in the last 5 years.
Aditya Birla Fashion & Retail (ABFRL)
ABFRL's current market price is Rs. 246.20, ICICI Direct estimated a target price of Rs. 340, for 38.21% return. Its market capitalization (large cap) is Rs. 23,121 crore.
Financial performance
In Q4FY22, the company's total income stood at Rs. 2,18,138 lakh, PBT quoted at Rs. 6,077 lakh, and its net profits stood at Rs. 4,967 lakh, as per NSE data.
ICICI Direct thinks
Aditya Birla Fashion & Retail is targeting revenues of around US$2.8 billion by FY26E, which is expected to develop its share price and market outlook.