The shares of Trent Limited, a Tata Group company gave multibagger returns in the past 22 years as its share price surged from ₹ 13.42 apiece to ₹ 1395.60. A few investors remain invested in companies because they buy shares and tend to hold them for a long period.
If an investor would have invested ₹ 1,00,000 in the company’s shares on January 03, 2002, the value of their holdings would have been ₹ 1.03 crores today!
The shares of Trent Limited reached a fresh 52-week high of ₹ 1522.8 on Thursday, August 18, 2022. Their 52-week low is at ₹ 866.65 apiece (reached on August 23, 2021). Similarly, the shares reached their all-time high of ₹ 2442.40 in September 2016. At that point, the value of ₹ 1,00,000 invested in the company would have fetched ₹1.82 crores as the stock gave multibagger returns of 18099.70%.
Trent Limited is a Tata Enterprise that is one of the leading players in the branded retail industry in India. Some of its major brands are Westside, Zudio, Utsa, Star, Booker and Landmark. It was originally incorporated as Lakme Limited.
Trent Limited is a large-cap company with a market capitalization of ₹49702 crores. It has a dividend yield of 0.12. The company is currently trading at a TTM PE of 136.94, while the sector PE is 115.48. This means that investors are willing to pay more for each rupee of earnings or the stock is overvalued. Its promoters hold a 37.01% stake in it.
Sharekhan is bullish on the shares of Trent Limited and has given a target price of ₹ 1545 in its research report dated August 11, 2022. This implies an upside of 10.50% as compared to its current market price of ₹1398.15.
Written by Simran Bafna
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