In the past one week, the stock has rallied 11 per cent after the company reported strong earnings for Q1FY23 with industry best revenue growth and strong beat on almost all parameters
Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic
Shoppers Stop is expected to rise 15 per cent, while Avenue Supermarts, may decline on breakdown of support.
Tata group retail firm Trent Ltd on Tuesday reported a consolidated net profit
Shares of Tata Motors DVR were locked at the 20 per cent upper circuit, while Tata Motors too surged nearly 20 per cent in intra-day trade on the BSE today
Trent will continue to focus on building out differentiated brands and accelerating its reach through stores and digital platforms, said Noel Tata
Easing of lockdown restrictions, festival demand and jump in online sales aided the sales performance
In the first nine months of financial year 2019-20 (FY20), Trent is estimated to have added 60 Zudio stores
On a weekly basis, both Sensex and Nifty gained nearly 4 per cent each
Net profit of the company increased 21.5 per cent YoY to Rs 54 crore against Rs 44 crore in the year-ago quarter.
Valuation is at a sharp premium to its peers; top line growth is expected to be strong
Affordable pricing, contemporary designs and efficient supply chain keep cash registers ringing
The proceeds may also be utilised to address existing borrowings and other general corporate purposes of the company