This Retail Stock Of Tata Group Can Get 31% Return, Veteran Investor Damani Has Also Invested

New Delhi:- Tata Group’s retail stock Trent Limited is a good option, if you want to include a strong stock in the portfolio in the midst of a volatile market. During break down in stock market, the stock of Trent remained in the green mark.

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Brokerage house Motilal Oswal has given a but advice on the share of this retail sector of Tata Group. Market’s veteran investor Radhakishan Damani has invested in stock of Trent. Damani has 1.5 per cent holding in the company. Stock of Trent has included in Brokerage firm Motilal Oswal investment idea. On the Trent stock a target of Rs 1430 per share has been kept. The stock of Trent on 21 June 2022 stood at 1092.

In this way, the stock can get a strong return of about 31 per cent from current price. In April this year, 52 weeks high was made. There has been a correction of about 19 per cent in the stock, from this record high. At the same time, this stock has proved to be a multi-bagger in 5 years. In this, investors have got returns of more than 340 per cent.

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There has been a growth of 27 percent CAGR in Net Profit and 11 percent CAGR in Revenue, during FY20. There has been good support from Westside. Apart from this, the performance of the company’s brand Zudio was strong.

In FY 2022, Zudio has added 100 more stores to the network. At the same time, Westside has added 26 stores to the network in FY 2022.

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Priyanka Yadav

An active reader and follower of news. A budding journalist tries to spread authentic news to people.

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