Motilal Oswal Recommends Large Cap Tata Stock To Buy Amid Stellar Growth
Motilal Oswal has recommended investors to buy large cap Tata Group stock Trent Ltd with a target price of Rs 1500 apiece.
Current market price of Trent is Rs 1304.25 apiece with intraday gain of 1 .66%. If you buy Trent Ltd now, you can fetch potential 15% return.
Trent offered 15% return in last 1- year and 43% return in last 2- years. Check details below: 1. Trent Ltd Stock Performance & Return
The current market price of the stock is Rs 1304.25 apiece.
Its 52- week high is Rs 1571.00 apiece and 52- week low is Rs 983.70 apiece, respectively.
The company has a market capitalisation of Rs 46,407.11 crore.
2. Valuation
Trent's revenue growth remained robust at 61% YoY in 3 QFY 23, backed by a strong footprint addition and healthy LFL growth of 17% in Westside.
3. About Trent Ltd
Trent Ltd is a leading retail operations company that owns and manages several retail chains all across India.
It is engaged in retailing & trading of apparels, footwear, accessories, among others.
Trent operates via Westside, Landmark, Zudio, and Utsa retail formats. The large cap Tata Group stock came into existence in 1952.
The stock has been picked from the brokerage report of Motilal Oswal.
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. advises users to check with certified experts before taking any investment decision.
By Renu Baliyan Goodreturns source: Dailyhunt