1102% Rally In 5-Yrs, 320% Dividend, Multi-fold Rise In Q4 Net: Buy Tata Stock For Tp Rs 4926

Tata group company Trent Ltd share will trade ex-dividend on May 22, 2024. Current market price of Trent share, operating in specialty retails industry, is Rs 4506.05 per share with intraday fall of 0.38%. Trent Ltd shares offered highly attractive return of 2019% in last 1-year. Meanwhile, several analysts have not only recommended buy call but some of them have upgraded the target price of the stock amid bullish outlook. The company recommended a dividend of Rs 320% i.e. Rs 3.20 per equity share of Re 1/- each. FII/FPI have increased holdings from 25.91% to 26.81% in March 2024 quarter and Number of FII/FPI investors increased from 730 to 869 in March 2024 quarter. Sbi Life Insurance Co. Ltd have 2.44% stake in Trent with 8,672,944 shares of the company. More details below:

Trent Q4: Trent Limited declared a sharp rise in its consolidated net profit at Rs 712 crore for the quarter ended March 31, 2024. It had declared its net profit at Rs 45 crore in the corresponding quarter of last year. The company's revenue from operations zoomed 51% to Rs 3,298 crore as compared to Rs 2,183 crore in the similar quarter of last fiscal. Meanwhile, the retail industry's company EBITDA for the quarter under review stood at Rs 477 crore as against Rs 211 crore. EBITDA margin arrived at 15% YoY.

Trent Recommends 320% Dividend Payout: As per the BSE filing dated April 29, "The Board of Directors of the Company have recommended a Dividend of 320% i.e., Rs. 3.20/- per Equity Share of Re. 1/- each, subject to the approval of shareholders. The Dividend, if approved, shall be paid on or after the second day from the conclusion of the 72nd Annual General Meeting."

Trent Share Performance: The 52-week high price of Trent share on BSE is Rs 4697.20 apiece (as on 3/05/2024) and 52-week low price is Rs 1396.40 apiece (as on 5/5/2023), respectively. The company's market capitalisation is Rs 1,60,065.34 crore. Trent shares gave return of 50% year-to-date, soared 102% in last 6-months, rose 219% in last 1-year, surged 293% in last 2-years, and gave return of 1102% in last 3-years. In last 5-years, Trent stock zoomed 985%.

Trent Stock Split History: Trent split the face value of its shares once since September 12, 2016. Trent split the face value of its shares from Rs 10 to Re 1 in 2016. It fixed ex-date as September 12, 2016.

Analysts Recommend Buy Call: Nuvama assigned buy call to Trent share with upgraded target price of Rs 4926 apiece from Rs 4304 earlier. Motilal Oswal suggested buy call with target price of Rs 4870 per share. Antique Stock Broking upgraded target price to Rs 4876 per share from Rs 3771 with buy call.

Trent About: As part of the Tata group, Trent's flagship concept, Westside offers branded fashion apparel, footwear and accessories for women, men and children, along with a range of home furnishings & decor. This offer is presented through a differentiated portfolio of exclusive brands that are in tune with latest fashion trends appealing to a wide spectrum of style conscious consumers across defined customer segments, according to its official website.

Disclaimer:

The stock has been picked from the brokerage reports of Motilal Oswal, Nuvama, and Antique Broking. 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.