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Trent trades higher on the BSE Trent is currently trading at Rs. 2050.30, up by 44.95 points or 2.24% from its previous closing of Rs. 2005.35 on the BSE. The scrip opened at Rs. 2001.05 and has touched a high and low of Rs. 2053.60 and Rs. 2001.05 respectively. So far 11358 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2090.95 on 24-Aug-2023 and a 52 week low of Rs. 1155.10 on 27-Jan-2023. Last one week high and low of the scrip stood at R...
Trent trades higher on the BSE
Trent trades higher on the BSE
Source: Accord Fintech
29/08/2023 3:51:13 PM
Buy Trent Ltd Target Rs.2,070 - Motilal Oswal Financial Services EBITDA miss led by high expenses, GM contraction * TRENT continued to deliver stellar revenue growth of 54% YoY (in line) in 1QFY24, with 12% growth on LFL basis for Westside. However, with a high mix of Zudio (lower GM segment) and aggressive store adds, gross/EBITDA margin contracted 480bp/ 400bp, leading to a 24% EBITDA miss. * We largely maintain our EBITDA estimates, building in a 38% CAGR in consolidated revenue/EBITDA over FY23-25, backed by strong footprint addition and robust L...
Buy Trent Ltd Target Rs.2,070 - Motilal Oswal Financial Services
Buy Trent Ltd Target Rs.2,070 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
22/08/2023 2:29:00 PM
ITCONS E-Solutions climbs on getting contract worth Rs 2.46 crore ITCONS E-Solutions is currently trading at Rs. 41.49, up by 2.91 points or 7.54% from its previous closing of Rs. 38.58 on the BSE. The scrip opened at Rs. 38.55 and has touched a high and low of Rs. 41.79 and Rs. 38.55 respectively. So far 22000 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 52.75 on 03-Apr-2023 and a 52 week low of Rs. 33.01 on 29-Mar-2023. Last one week high and low of the scrip stood at Rs...
ITCONS E-Solutions climbs on getting contract worth Rs 2.46 crore
ITCONS E-Solutions climbs on getting contract worth Rs 2.46 crore
Source: Accord Fintech
11/07/2023 3:00:44 PM
Buy Trent Ltd For Target Rs.2,030 - ICICI Direct Store addition trajectory for Zudio to be ~ 2x in FY24E   About the stock: Trent is India’s leading retailer with a presence across various consumer categories (600+ stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions have led Trent to be among the fastest growing companies in our retail coverage universe. • ‘Westside’ (60% of revenues) has proven to be one of the most profitable business models as it primaril...
Buy Trent Ltd For Target Rs.2,030 - ICICI Direct
Buy Trent Ltd For Target Rs.2,030 - ICICI Direct
Source: ICICI Direct
21/06/2023 2:24:50 PM
Buy Trent Ltd Target Rs.1,835 - Motilal Oswal Financial Services We attended Trent Ltd’s annual general meeting (AGM). Here are the key takeaways:   Focus on value drives profitable growth Trent’s standalone revenue/EBITDA (pre-IND AS 116) reported a robust CAGR of 34%/37% over FY20-23E, backed by strong footprint addition and healthy LFL growth despite the Covid impact. The two key points that stand out: 1) its strategy to focus on value: In a high RM cost environment where most companies tried to pass on the impact to protect ma...
Buy Trent Ltd Target Rs.1,835 - Motilal Oswal Financial Services
Buy Trent Ltd Target Rs.1,835 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
14/06/2023 3:44:26 PM
Buy Trent Ltd Target Rs.1,600 - Motilal Oswal Financial Services Sharp GM fall dilutes strong revenue growth * Trent continued to deliver stellar revenue growth of 75% YoY, with 23% growth on a LFL basis for Westside. However, instead of passing on high raw material costs to customers, it absorbed them. This, combined with extended EOSS discounting and an increased proportion of the lower GM format Zudio led to a 830bp YoY decline in GM. This aided in inventory clean up. FY23 EBIT margin (on Pre IND-AS 116) improved to 7.7% v/s 7.4%/6.6% in FY22/20. ...
Buy Trent Ltd Target Rs.1,600 - Motilal Oswal Financial Services
Buy Trent Ltd Target Rs.1,600 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
30/04/2023 11:10:28 AM
Trent ltd. announces Q4 FY23 Results Revenues crossed Rs 10,000 crs in FY23 across our all concepts from a store portfolio of over 600 stores Portfolio of over 580 fashion stores Standalone revenues exceed Rs 8,200 cr Standalone Net profit for 31st March quarter rose by 40.41% to 105.13 crores Standalone profit for the year ended 31 st March rose by 122.15% to 554.57 crores CAGR over FY20: 34% for Revenues and 43% for PBT Star revenues up 46% over Q4 FY22 Trent Limited (the “Company”), today anno...
Trent ltd. announces Q4 FY23 Results
Trent ltd. announces Q4 FY23 Results
Source: PR Agency
28/04/2023 2:41:29 PM
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz Nifty * The index started the week on a marginal positive note, but due to consistent selling, the index has lost momentum and ended the week on a negative note at 17624. * Technically, the index on a daily scale has retested the trend line breakout as well as 200-DSMA support. On a weekly scale, the index has formed a bearish engulfing candlestick pattern, which is cause of concern. The 200- Day simple moving average is placed near 17580 and recent low is placed close to 17550. Thus, 1...
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz
Weekly Derivatives Synopsis and Stock Picks by Asit C Mehta Investmentz
Source: PR Agency
24/04/2023 11:45:14 AM
Buy Trent Ltd For Target Rs.1,730 - ICICI Direct Yet another quarter of industry outperformance… About the stock: Trent is India’s leading retailer with a presence across various consumer categories (550+ stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions have led Trent to be among the fastest growing companies in our retail coverage universe. * ‘Westside’ (70% of revenues) has proven to be one of the most profitable business models as it primarily focuses on sel...
Buy Trent Ltd For Target Rs.1,730 - ICICI Direct
Buy Trent Ltd For Target Rs.1,730 - ICICI Direct
Source: ICICI Direct Ltd
13/12/2022 12:34:55 PM
Add Trent Ltd For Target Rs.s.1,572 - Centrum Broking Strong performance continues Standalone (Westside and Zudio) sales grew by 78% YoY and 2.2x of 2QFY20 to Rs18.1bn. As we had highlighted in our preview note that the impact of inflation on consumer audience of Trent is expected to be least. Westside’s LFL growth stood at 20% over 2QFY20. Standalone gross margins stood at 47% declining 510bps YoY though only 70bps below 2QFY20 margins. The decline can be attributed to a normalized EOSS sales after a gap of 2 years. Led by this, standa...
Add Trent Ltd For Target Rs.s.1,572 - Centrum Broking
Add Trent Ltd For Target Rs.s.1,572 - Centrum Broking
Source: Centrum Broking
8/12/2022 1:00:42 PM
Buy Trent Ltd Target Rs.1,700 - Motilal Oswal Strong growth momentum continues; margin contracts * Continued momentum in footprint addition and robust LFL growth, led to a strong 78% YoY growth in revenue (2.2x over pre-COVID levels). However, lower gross margin, mainly attributed to a change in mix towards Zudio and higher OPEX (on account of aggressive store additions), resulted in an EBITDA margin contraction of 690bp YoY, 160bp below pre-COVID levels. * We expect a consolidated revenue/EBITDA CAGR of 52%/72% over FY22- 24, back...
Buy Trent Ltd Target Rs.1,700 - Motilal Oswal
Buy Trent Ltd Target Rs.1,700 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
15/11/2022 12:10:15 PM
Samvat 2079 Technical Diwali Picks By Motilal Oswal Financial   Samvat 2079 Technical Ideas   IDFC LTD (CMP 78.5) : BUY Buying Range: 78.5-76.5 Stop Loss: 70 Target: 100 (27%) • The stock is giving a breakout of the falling trend line on the monthly scale • It is forming a bullish candle on the monthly scale which indicates strong buying interest in the counter • Momentum indicators on the monthly chart is placed in the positive territory which indicates uptrend to continue • Considering the curr...
Samvat 2079 Technical Diwali Picks By Motilal Oswal Financial
Samvat 2079 Technical Diwali Picks By Motilal Oswal Financial
Source: Motilal Oswal Financial Services Ltd
20/10/2022 1:52:21 PM
Add Trent Ltd For Target Rs.s.1,445 - Centrum Broking Bigger, Bolder and Nimbler We recently interacted with the management of Trent to understand the current demand scenario, expansion plans and challenges if any. Management sounded confident in maintaining the expansion and growth momentum in FY23 for Westside and Zudio both. The company also believes that its grocery format – STAR has started to stabilize for good. We maintain our positive stance on the business model of Trent and maintain our ADD rating on the stock with TP of Rs1,4...
Add Trent Ltd For Target Rs.s.1,445 - Centrum Broking
Add Trent Ltd For Target Rs.s.1,445 - Centrum Broking
Source: Centrum Broking Ltd
14/09/2022 3:18:55 PM
Add Trent Ltd For Target Rs.1,445 - Centrum Broking Strong growth momentum continues Standalone (Westside and Zudio) sales surged 5x YoY and 2x of 1QFY20 to Rs16.5bn. As we had highlighted in our retail channel check note published on 6th July’22 that Trent was expected to report best growth trajectory in the apparel category. Westside’s LFL growth stood at 24% over 1QFY20 and is running at Rs50bn of annual sales run-rate. Standalone gross margins stood at 49.3%, flattish sequentially but declined by 370bps over 1QFY20. EBITDA m...
Add Trent Ltd For Target Rs.1,445 - Centrum Broking
Add Trent Ltd For Target Rs.1,445 - Centrum Broking
Source: Centrum Broking Ltd
17/08/2022 12:16:17 PM
Buy Trent Ltd Target Rs.1,530 - Motilal Oswal Strong growth momentum continues Strong footprint addition and healthy LTL growth across both segments Westside and Zudio ed to a strong revenue growth of 2.2x from preCOVID levels. However, a lower gross margin and incremental cost on the back of store expansion, resulted in a 300bp contraction in EBITDA margin to 18.4% from pre-COVID levels. ? Aggressive store addition and robust LTL growth across both Westside and Zudio will continue to drive growth. We expect a consolidated revenue/ EB...
Buy Trent Ltd Target Rs.1,530 - Motilal Oswal
Buy Trent Ltd Target Rs.1,530 - Motilal Oswal
Source: Motilal Oswal Financial Services
12/08/2022 5:33:14 PM
Add Trent Ltd For Target Rs. 1,280 - Centrum Broking Trent, one of the most successful retailers in India, has built durable moats by significantly scaling up its retail footprint, establishing itself as a powerful design house and expanding under different retail formats. Trent’s standalone (Westside and Zudio) sales and EBITDA have grown at CAGR of 17% and 33% over FY13-22 with EBITDA margin improvement from low single digits to 16.3% in FY22. We expect its standalone sales/EBITDA/PAT to grow at CAGR of 25/23/36% respectively over FY20-...
Add Trent Ltd For Target Rs. 1,280 - Centrum Broking
Add Trent Ltd For Target Rs. 1,280 - Centrum Broking
Source: Choice Broking Pvt Ltd
23/07/2022 9:50:35 AM
Buy Trent Ltd For Target Rs. 1470 - ICICI Direct Zudio scales up to | 1000 crore+ brand About the stock: Trent is India’s leading retailer with a presence across various consumer categories (550+ stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions have led Trent to be among the fastest growing companies in our retail coverage universe. * ‘Westside’ (72% of revenues) has proven to be one of the most profitable business models as it primarily focuses on selling privat...
Buy Trent Ltd For Target Rs. 1470 - ICICI Direct
Buy Trent Ltd For Target Rs. 1470 - ICICI Direct
Source: ICICI Direct
20/06/2022 12:54:26 PM
Buy Trent Ltd Target Rs.1,470 - ICICI Direct Zudio scales up to | 1000 crore+ brand About the stock: Trent is India’s leading retailer with a presence across various consumer categories (550+ stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions have led Trent to be among the fastest growing companies in our retail coverage universe. * ‘Westside’ (72% of revenues) has proven to be one of the most profitable business models as it primarily focuses on selling private lab...
Buy Trent Ltd Target Rs.1,470 - ICICI Direct
Buy Trent Ltd Target Rs.1,470 - ICICI Direct
Source: ICICI Direct
14/06/2022 12:32:32 PM
Investment Idea: Buy Trent Ltd Target Rs.1,430 - Motilal Oswal On an aggressive growth path; earnings to post a sharp revival * Trent’s aggressive footprint expansion and strong LTL growth of 16% YoY translated into a robust 53% YoY revenue growth; however, the backended store additions increased the costs disproportionately thereby reducing EBITDA growth to a mere 12% YoY. * Westside and Zudio’s store-level economics remains healthy as evident from: a) the strong LTL growth, b) Westside’s annualized revenue run-rate which was alm...
Investment Idea: Buy Trent Ltd Target Rs.1,430 - Motilal Oswal
Investment Idea: Buy Trent Ltd Target Rs.1,430 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
10/06/2022 1:12:41 PM
Motilal Oswal gives 'buy' call for Tata group company Trent Brokerage house Motilal Oswal Financial Services has recommended investors to "buy" shares of Trent, and it pegged a target price of Rs 1,430. At present, the shares are trading at around Rs 1,080 per share. 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. Trent's aggressive expansion of footprint and strong like-to-like growth of 16...
Motilal Oswal gives 'buy' call for Tata group company Trent
Motilal Oswal gives 'buy' call for Tata group company Trent
Source: IANS
9/06/2022 3:10:10 PM
Buy Trent Ltd Target Rs.1,430 - Motilal Oswal On a high growth path Westside and Zudio continue to eye aggressive growth Our channel checks threw up positive feedback on store economics, store additions, and a revenue recovery in both Westside and Zudio, despite the impact of the COVID-19 pandemic. Both formats have a high fashion quotient. This, along with Zudio’s sharp pricing, has allowed it to taste success across multiple cities, even as other retailers have been impacted by the pandemic. We have revised our FY24E ...
Buy Trent Ltd Target Rs.1,430 - Motilal Oswal
Buy Trent Ltd Target Rs.1,430 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/04/2022 9:22:57 AM
Trent Ltd announces Q3FY22 results   Trent Limited (the “Company”), today announced its financial results for the third quarter ended December 31st, 2021 (standalone and consolidated) StandaloneResults Consumer sentiment continued to recover in Q3 on the back of the maturingvaccination drive, further relaxation of pandemic related restrictions and the festive season * Our fashion concepts operated during the quarter with a degree of normalcy and limited pandemic related loss of trading days/ ti...
Trent Ltd announces Q3FY22 results
Trent Ltd announces Q3FY22 results
Source: PR Agency
11/02/2022 11:16:29 AM
Buy Trent Ltd For Target Rs.1,198 - Edelweiss Financial Services Ramp-up phase round the corner We interacted with Trent CEO Mr. P Venkatesalu Highlights: i) Zudio as a format has stabilised, and the company is looking at its aggressive ramp-up (highlighted at AGM too). ii) The online strategy for Westside will be driven via Tata Cliq, own website & app (app in development), and Tata’s super app. No plans to launch on marketplaces. iii) Targeting ramp-up in grocery having found the right model for Star Bazaar. Booker’s expansion will lev...
Buy Trent Ltd For Target Rs.1,198 - Edelweiss Financial Services
Buy Trent Ltd For Target Rs.1,198 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
24/12/2021 11:32:44 AM
Buy Trent Ltd For Target Rs.1,230 - ICICI Securities Faster-than-expected recovery Trent’s Q2FY22 standalone revenues increased 1.25x YoY (~25% higher than precovid sales in Q2FY20) with EBITDA (post Ind-AS 116) of Rs2.2bn – both above our / consensus estimates. Store addition momentum continued with seven Westside and 10 Zudio stores being added on a QoQ basis. Online channel registered 95% QoQ growth in Q2FY22. EBIT (pre Ind-AS 116) stood at Rs1.4bn against an EBIT loss of Rs590mn in Q2FY21. As highlighted in our recent note, M...
Buy Trent Ltd For Target Rs.1,230 - ICICI Securities
Buy Trent Ltd For Target Rs.1,230 - ICICI Securities
Source: ICICI Securities Ltd
14/12/2021 11:25:22 AM
Buy Trent Ltd For Target Rs.1330 - ICICI Direct Magnificent execution leads to pre-festive bonanza About the stock: Trent is India’s leading retailer with a presence across various consumer categories (400+ stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions has led Trent to be among the fastest growing companies in our retail coverage universe. * ‘Westside’ (75% of revenues) has proven to be one of the most profitable business models as it primarily focuses on selling ...
Buy Trent Ltd For Target Rs.1330 - ICICI Direct
Buy Trent Ltd For Target Rs.1330 - ICICI Direct
Source: ICICI Direct
2/12/2021 11:23:19 AM
Buy Trent Ltd For Target Rs.1100 - ICICI Direct On track to achieve rapid revenue recovery…. About the stock: Trent is India’s leading retailer with a presence across various consumer categories (400+ stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions has led Trent to be among the fastest growing companies in our retail coverage universe. * ‘Westside’ (75% of revenues) has proven to be one of the most profitable business models as it primarily focuses on selling...
Buy Trent Ltd For Target Rs.1100 - ICICI Direct
Buy Trent Ltd For Target Rs.1100 - ICICI Direct
Source: ICICI Direct
2/10/2021 10:02:54 AM
Stock Picks - Buy Trent Ltd For Target Rs. 1120 - ICICI Direct Technical Observations * The stock is in strong up trend forming higher peak and higher trough in all time frame. It has generated a bullish flag breakout signaling continuation of the up move and offers fresh entry opportunity * We expect the stock to accelerate its current up move and head towards | 1120 levels as it is the 161.8% external retracement of the last two weeks breather (| 1050-953) placed at | 1120 levels * The stock has witnessed a faster retracement of the last ...
Stock Picks - Buy Trent Ltd For Target Rs. 1120 - ICICI Direct
Stock Picks - Buy Trent Ltd For Target Rs. 1120 - ICICI Direct
Source: ICICI Direct
1/10/2021 12:09:44 PM
Neutral Trent Ltd For Target Rs.850 - Motilal Oswal Recovery much better v/s first wave; aggressive store adds in place * TRENT’s revenue came in 57% below pre-COVID levels (1QFY20; 12% miss), better than ABFRL / Shoppers Stop and V-Mart. However, format-wise, we estimate Westside to be 60–65% below pre-COVID levels, in line with peers. EBITDA/PAT continued to report loss at INR318m/INR838m (6% miss). * Unlike last year, recovery post the lifting of the lockdowns has been swift, with July’21 at >80% of pre-COVID leve...
Neutral Trent Ltd For Target Rs.850 - Motilal Oswal
Neutral Trent Ltd For Target Rs.850 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
27/09/2021 10:49:57 AM
Buy Trent Limited Target Rs.965 - Religare Broking Derivative Ideas  TRENT SEPT FUTS added around 26% in open interest in as LONG buildup was seen in it . Current chart pattern also indicates further up move in its price. We suggest buying in TRENT as per below levels. Strategy:- BUY TRENT BETWEEN 930-935 SL 920 TARGET 965.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   ...
Buy Trent Limited Target Rs.965 - Religare Broking
Buy Trent Limited Target Rs.965 - Religare Broking
Source: Religare Broking Ltd
27/08/2021 10:41:13 AM
Buy Trent Ltd For Target Rs.1060 - ICICI Direct Resilient business model to enable sharp recovery… About the stock: Trent is India’s leading retailer with a presence across various consumer categories (400+ stores). Inherent strength of brands (Westside, Zudio, Star, Zara) and accelerated store additions has led Trent to be among the fastest growing companies in our retail coverage universe. * ‘Westside’ (75% of revenues) has proven to be one of the most profitable business models as it primarily focuses...
Buy Trent Ltd For Target Rs.1060 - ICICI Direct
Buy Trent Ltd For Target Rs.1060 - ICICI Direct
Source: ICICI Direct
11/08/2021 11:25:00 AM
Buy Trent Limited Target Rs. 990 - Religare Broking erivative Ideas TRENT FUTS added around 23% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in TRENT in cash as per below levels. Strategy:- BUY TRENT BETWEEN 948-950 STOPLOSS 930 TARGET 990.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   ...
Buy Trent Limited Target Rs. 990 - Religare Broking
Buy Trent Limited Target Rs. 990 - Religare Broking
Source: Religare Broking Ltd
3/08/2021 11:44:22 AM
Buy Trent Ltd Target Rs.950 - Religare Broking Derivative Ideas TRENT FUTS added around 24% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in TRENT in cash as per below levels. Strategy:- BUY TRENT BETWEEN 905-910 STOPLOSS 890 TARGET 950.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   ...
Buy Trent Ltd Target Rs.950 - Religare Broking
Buy Trent Ltd Target Rs.950 - Religare Broking
Source: Religare Broking Ltd
9/07/2021 10:51:19 AM
Buy Trent Ltd Target Rs. 880 - Religare Broking Derivative Ideas TRENT FUTS added around 17% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in TRENT in cash as per below levels. Strategy:- BUY TRENT BETWEEN 840-845 STOPLOSS 820 TARGET 880.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Above ...
Buy Trent Ltd Target Rs. 880 - Religare Broking
Buy Trent Ltd Target Rs. 880 - Religare Broking
Source: Religare Broking Ltd
22/06/2021 10:31:55 AM
Buy Trent Limited Target Rs. 820 - Religare Broking Derivative Ideas TRENT FUTS added around 20% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in TRENT as per below levels. Strategy:- BUY TRENT BETWEEN 780-785 STOPLOSS 765 TARGET 820.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Above views ar...
Buy Trent Limited Target Rs. 820 - Religare Broking
Buy Trent Limited Target Rs. 820 - Religare Broking
Source: Religare Broking Ltd
18/05/2021 10:09:10 AM
Buy Trent Ltd For Target Rs. 895 - ICICI Securities Cautious optimism; healthy store additions Trent’s Q4FY21 revenue growth at 7% YoY was in line with our / consensus estimates; while EBIT (pre Ind-AS 116) at Rs570mn was higher than estimates mainly owing to inventory reductions. Westside revenues remained broadly flat YoY and implied Zudio revenues grew ~40% YoY on healthy store additions (added 16 stores in Q4FY21 and 37 in FY21). Sales have seen a sharp drop since mid-Mar’21 on account of partial lockdowns in various stat...
Buy Trent Ltd For Target Rs. 895 - ICICI Securities
Buy Trent Ltd For Target Rs. 895 - ICICI Securities
Source: ICICI Securities Ltd
18/05/2021 9:43:51 AM
Buy Trent Ltd For Target Rs. 900 - ICICI Direct Revenue recovery, strong liquidity to aid future growth Trent has recorded impressive recovery on the growth front, with growth reverting to the positive territory. Revenue for the quarter grew 7% YoY (6.7% QoQ) to | 773.7 crore. Westside revenues (~80% of sales) were broadly at last year’s levels with negative SSSG of ~4% (negative SSSG of 28% in Q3FY21). Zudio continues to perform well with back of the envelope calculations suggesting 30%+ growth in Q4FY21. Revenue trajectory had c...
Buy Trent Ltd For Target Rs. 900 - ICICI Direct
Buy Trent Ltd For Target Rs. 900 - ICICI Direct
Source: ICICI Direct
6/05/2021 10:51:17 AM
Neutral Trent Ltd For Target Rs.710 - Motilal Oswal Healthy recovery, strong store adds to drive growth * TRENT posted a 7% YoY revenue increase (7% beat), supported by easing restrictions and improving customer traction over Jan–Feb’21. EBITDA grew 47% YoY on a lower base, aided by high gross margins. * The gradual recovery seen after nine months of lockdown has once again been derailed due to the second COVID wave. Thus, we revise down our FY22E revenue/EBITDA estimate by 26%/44%, but largely maintain FY23 estimates –...
Neutral Trent Ltd For Target Rs.710 - Motilal Oswal
Neutral Trent Ltd For Target Rs.710 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
3/05/2021 11:49:29 AM
MTF Stock Pick - Buy Trent Ltd For Target Rs. 825 - HDFC Securities MTF Stock Pick - Buy Trent Ltd For Target Rs. 825 - HDFC Securities  The sharp trended decline in TRENT seems to have completed, as the stock price has bounced up from the lower support of Rs 700 levels in this week. We observe a formation of bullish hammer type weekly candle pattern in last week and upside bounce in this week which signal bottom reversal in the stock price around Rs 700. We also observe a larger degree positive sequence like higher tops and bottoms over th...
MTF Stock Pick - Buy Trent Ltd For Target Rs. 825 - HDFC Securities
MTF Stock Pick - Buy Trent Ltd For Target Rs. 825 - HDFC Securities
Source: HDFC Securities Ltd
16/04/2021 12:47:30 PM
Sell Trent Limited For Target Rs. 575 - HDFC Securities Surprises positively Trent’s 3Q performance surprised positively. Revenue recovery at 83% of base quarter was commendable (HSIE: 81% recovery). Westside recovered 78% (Inline). Hence, the revenue beat has come from its value play – Zudio. Bigger surprise was on GM recovery, which expanded 574bp YoY to 56.4% (HSIE: 48%). We suspect GM expansion was led by (1) write back of the conservative inventory provisions made in 1Q (Impact of Rs. 140mn in 3Q), (2) better GMs in Zudio. Note...
Sell Trent Limited For Target Rs. 575 - HDFC Securities
Sell Trent Limited For Target Rs. 575 - HDFC Securities
Source: HDFC Securities Ltd
6/03/2021 4:28:46 PM
Buy Trent For Target Rs. 960 - Religare Broking Derivative Ideas TRENT FUTS added around 27% in open interest addition as LONG buildup was seen in it till closing time. Current chart pattern also indicates further up move in its price. We suggest buying TRENT as per below levels. Strategy:- BUY TRENT BETWEEN 917-922 STOPLOSS AT 895 TARGET 960.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ0001743...
Buy Trent For Target Rs. 960 - Religare Broking
Buy Trent For Target Rs. 960 - Religare Broking
Source: Religare Broking Ltd
5/03/2021 11:00:05 AM
Buy Trent Ltd For Target Rs. 820 - ICICI Direct Significant beat on profitability front Trent’s Q3FY21 results reflects the inherent strength of the brands and its robust business model made to combat challenges. Trent recorded smart recovery on the revenue front, with sales reaching 83% of pre-Covid levels. Revenue for Q3FY21 de-grew 16.6% YoY to | 725.4 crore (I-direct estimate: | 669.7 crore). Westside format reported sales recovery rate of 78% with same stores sales growth of negative 26%. Back of the envelope calculation sugg...
Buy Trent Ltd For Target Rs. 820 - ICICI Direct
Buy Trent Ltd For Target Rs. 820 - ICICI Direct
Source: ICICI Direct
23/02/2021 10:39:27 AM
Sell Trent Ltd For Target Rs. 575 - HDFC Securities Surprises positively Trent’s 3Q performance surprised positively. Revenue recovery at 83% of base quarter was commendable (HSIE: 81% recovery). Westside recovered 78% (Inline). Hence, the revenue beat has come from its value play – Zudio. Bigger surprise was on GM recovery, which expanded 574bp YoY to 56.4% (HSIE: 48%). We suspect GM expansion was led by (1) write back of the conservative inventory provisions made in 1Q (Impact of Rs. 140mn in 3Q), (2) better GMs in Zudio. Note...
Sell Trent Ltd For Target Rs. 575 - HDFC Securities
Sell Trent Ltd For Target Rs. 575 - HDFC Securities
Source: HDFC Securities Ltd
16/02/2021 12:55:08 PM
Neutral Trent Ltd For Target Rs.660 - Motilal Oswal Healthy margin recovery drives earnings * While revenue fell 17% YoY (in line), EBITDA saw a massive 26% beat on gross margin (GM) improvement of 570bp, benefiting from a provision write back of INR140m (190bp gain) and potential reduction in discounted sales. Adjusting for write-backs, EBITDA fell 4% YoY (16% beat). * Its historic, industry-leading growth should resume in FY22 as aggressive store additions have already resumed. We have raised our FY22E EBITDA estimate by 18%, factoring...
Neutral Trent Ltd For Target Rs.660 - Motilal Oswal
Neutral Trent Ltd For Target Rs.660 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
5/02/2021 10:18:06 AM