Morgan Stanley has reiterated its “Overweight” rating on Trent, assigning a target price of ₹8,032, which implies a potential upside of approximately 23% from the current market price of ₹6,530. The brokerage noted that Trent’s Q2 performance showed a modest revenue miss but delivered a margin beat, with Fashion EBITDA margins reaching 15.9%, surpassing Morgan Stanley’s estimate of 14.5%.
Despite the weak economic backdrop, Trent maintained strong business trends. The Star segment reported robust revenue growth of 27%, supported by 14% like-for-like (LFL) growth and the addition of two new stores during the quarter.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Readers are advised to consult a financial advisor before making any investment decisions.
