A report said that after significantly reducing its promoter risk profile through debt repayment, Tata Sons is no longer required to list its shares
Trent’s sales surged 56% in the latest quarter, surpassing rivals such as Avenue Supermarts and Aditya Birla Fashion & Retail, even as extreme heatwaves and recent national elections suppressed consumption in India.
Jefferies stated "Trent is a structural story on the growing organised apparel market in India. However, expensive valuations keep us on the sideline."
Titan trades at 65 times its estimated FY24 earnings, on the higher end of the valuation curve
As many as 2,050 shares advanced, 1,428 shares declined, and 134 shares remained unchanged on June 13.
The company had posted a net loss of Rs 138.29 crore in the April-June quarter a year ago
As indicated by the Q1FY23 performance, we expect D-Mart’s earnings growth trajectory to accelerate in the current fiscal as business conditions have almost normalised
The company would not only scale up its core brands, Lifestyle and Pantaloons, but would also rapidly strengthen new businesses in the ethnic and innerwear space.
Net Sales are expected to increase by 48 percent Y-o-Y (down 30.9 percent Q-o-Q) to Rs. 201.5 crore, according to ICICI Direct.
Shares of Trent Ltd on Friday settled at Rs 777.15 on the BSE, up 0.11 per cent over the previous close.
Besides, the company posted 9.24 percent growth in sales to Rs 1,570.54 crore during the year as against Rs 1,437.87 crore of the previous fiscal.
BIPL operates five stores while its wholly-owned subsidiary Booker Satnam Wholesale operates one store.
Total income during the quarter under review stood at Rs 823.90 crore. It was Rs 622.75 crore in the corresponding quarter last fiscal.
At 1028 hrs, Trent Ltd was quoting Rs 362, up 2.09 percent on the BSE.
Total income during the quarter under review was up 25.64 per cent to Rs 677.49 crore as against Rs 539.22 crore in the year-ago period.
Nifty has to continue to hold above 10750-10777 zones to extend its move towards crucial hurdle at 10985 and above that, only a fresh leg of the rally could start.
ICICI Direct is bullish on Trent Ltd has recommended buy rating on the stock with a target price of Rs 380 in its research report dated July 09, 2018.
"The range of 10,300-10,500 levels for the Nifty will be crucial in the current expiry and the move is expected to remain volatile along with negative movement, as indicated by option open interest concentration," says Shitij Gandhi of SMC Global Securities Ltd.
Amidst the GST-induced disruptions in Q1FY18, though India's leading retailers held on to their nerve, the jewellery majors weren't quite up to the mark.
ICICI Direct has recommended Buy rating on Trent Ltd with a target price of Rs 310 in its research report dated August 03, 2017.
Its net sales on standalone basis was up 14.73 percent to Rs 391.47 crore during the quarter under review as against Rs 341.20 crore during the corresponding period last fiscal.
According to the report, India can aspire to capture almost 7 percent of the African IT services market, 5 percent of its FMCG space, 10 percent of the power sector and 2 to 5 percent of the agri-allied services.
Brickwork Ratings (BWR) has reaffirmed BWR AA- rating for Trent Ltd‘s (Trent) INR 75 Crore unsecured NCD Issue. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.
Tata group's retail arm Trent Ltd today said its board has approved a proposal to raise up to Rs 250 crore through placement of shares with institutional investors.