Analysts believe Trent's strong execution capabilities, tie-up with suppliers across India and better mix will help witness a faster recovery in profitability in the medium to long run.
Trent's board has approved the issuance of bonus shares in the ratio of 1:2, implying one bonus equity share of ₹1 each for every two fully paid-up equity shares of ₹1 each held by shareholders
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Noel Tata says Trent remains in the early stages of growth and is on track to achieve its goal of becoming 10 times larger in revenue
Ambit said crude-linked RM inflation is expected to impact companies unevenly, with margin outcomes depending on pricing strategy, balance sheet strength, and operating leverage
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While the bulk of foreign selling is likely over after the outflows over the recent months, Goldman Sachs does not see foreign investors returning to Indian shores in a hurry, even if oil prices dip.
This marks Trent's first bonus issue in nearly 30 years. The company had last issued bonus shares in 1996 in a 1:1 ratio.