Trent Stock Price: Shares of Tata group company Trent Limited are the worst performing stocks on the Nifty 50 index so far in the month of January. The share price has fallen 20.4 percent so far in January this year. On January 22, the share had closed at Rs 5,624.80. This is the same Trent, which was the best performer on the Nifty 50 index in the year 2024 with a gain of more than 133%.
Trent became a part of the Nifty 50 index in September last year. The market cap of the company is around Rs 2 lakh crore. “After a spectacular rally in the stock price, now is the time to book profits,” Kotak Institutional Equities wrote in its note on Trent last week. The brokerage has downgraded the stock’s rating to “Sell” from “Add”.
32 percent below 52 week high
Shares of Trent had seen a 52-week high of Rs 8,345 on October 14, 2024 on NSE. The stock has fallen more than 32 percent from this level. The stock is now trading below Kotak’s revised target price of ₹5,850. However, Kotak Institutional Equities still expects Trent to post healthy earnings growth of 29% and 35% from fiscal 2025 to 2027, respectively. Of the 22 analysts covering Trent, 12 have a “Buy” rating, while 5 have a “Hold” and 5 have a “Sell” recommendation.
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Promoters held 37.01 percent stake in Trent till the end of December 2024. The company will release its financial results for the third quarter of financial year 2025 i.e. October-December 2024 on February 6. In July-September 2024, the company’s standalone revenue was Rs 4,035.56 crore and net profit was Rs 423.44 crore.
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