The shares of Trent Limited, a tata group stock opened at Rs 1,463 on Monday and climbed by 5 per cent to reach its new 52-week high of Rs 1,542 in the early hours. In the past four months, the stock has climbed by approximately 42 per cent.
In October 2020, the stock was trading at Rs 659 a piece on NSE. From there it has spiked up to the current levels representing a multibagger return of 132 per cent. In the last five years, the stock has delivered a multibagger return of 408 per cent.
The stock also holds the 4th position in ace investor Radhakishan Damani’s portfolio as he holds 5,421,131 shares or a 1.52% stake in the company with an investment value of Rs 825.8 Crores.
Trent Limited is an Indian retail company that operates Westside, one of India’s largest and fastest-growing chains of retail stores. Apart from this, the other three notable brands of the company are Zudio, Star Bazaar and Landmark.
The Q2 results of the company are yet to be announced. However, in Q1FY23, the company reported a total income of Rs 1,803 crores which was a significant increase from Rs 491 crores in the same period the year earlier. Their net profit in the period stood at Rs 80 crores as against a loss of Rs 116 crores in Q1FY22.
The Tata group stock has a market capitalization of Rs 54,302 crores and a dividend yield of 0.11% as of October 31st, 2022.
Written by Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
