Tata is one of the reliable stocks which offers multi-bagger returns to its investors. It not only enjoys huge profits from its manufacturing companies, but also provides huge gains to its associated companies. One of them is Trent Limited. It is an Indian retail company, which is a part of the Tata group. It owns and operates fashion and lifestyle retail formats such as Westside, Zudio and Utsa. It also runs retail chains like Star Bazaar and Zara through joint ventures. It has given over 200 percent return to its investors in one year. In three years, it has given a profit of over 400 percent to its investors. It is currently trading at Rs 4,496 at NSE. The shares of the company recently reached its 52-week high and traded at Rs 4,680.
Trent company has reported a multifold jump in consolidated net profit at Rs 712 crore for the fourth quarter of FY24. The profit stood at Rs 45 crore in the corresponding quarter last year. The brokerage firms are now going bullish over the multibagger Tata stock after watching its returns.
A year back, the price of Trent Ltd shares was approximately Rs 1406. If someone had invested Rs 1 lakh in this share at that time and if withdrawn today, then investors would have over Rs 3 lakh in his account. In three months, it has given a profit of 43 percent. The market capitalisation of the company is Rs 1,59,440 crore. The stellar March quarter results of the company are now attracting the attention of the brokerage firms. Trent has 232 Westside and 545 Zudio stores across the nation.
It posted a 51 percent year-on-year (YoY) jump in the revenue operations to Rs 3,297.70 crore. Brokerage firm Motilal Oswal says that strong growth can be seen in this stock in future. Giving a buy rating to the stock, the brokerage has set its target price at Rs 4870. Due to the healthy scale-up in Zudio and other factors, Motilal Oswal believes that Trent Limited has a huge runaway for growth over the next three to five years.
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