This Tata group stock has doubled investors’ wealth in last 6 months

In the last six months, this multibagger stock has surged 114.6%, and close to 925% in the last 5 years, data shows.

A tata group stock, which has surged 10x in last several years and has also doubled in the last six months itself is Trent, the owner and the one who runs retail outlets like Zudio and Westside in India. In today’s trading session, shares of Trent surged close to 20% to hit a fresh record high of Rs 3,604 after a solid set of Q3 earnings. Trent’s Q3 profit surged 40% YoY to Rs 370.6 crore against Rs 154.81 crore in the same period last year.

Shares of Trent ended Wednesday’s session at Rs 3,626.30 on the NSE, up 19.48%. In the last six months, this multibagger stock has surged 114.6%, and close to 925% in the last 5 years, data shows. Out of the 19 analysts tracking the stock, 53% have a Buy recommendation on the stock, 16% have an Outperform rating, 16% have a hold rating, while the rest have an Underperform (11%) and a Sell (5%) call on the stock.

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Trent’s Q3 revenue came in at Rs 3,466 crore against revenues of Rs 2,304 crore a year ago. Its margins too expanded, coming in at 18% vs 14% in Q3FY23.

As of Q3FY24, Trent manages 227 Westside, 460 Zudio and 28 stores across the retail and lifestyle category. The retail major added 5 more Westside and 50 Zudio stores across 36 cities including 13 new cities in the October-December quarter.

“Across formats, we continued to register consistent growth, serving as a reaffirmation of our strategic choices. Our operating discipline coupled with focus on the speed of execution supported our expansion agenda. Change in the revenue profile across formats remains aligned with our strategic objectives and plans. The gross margin profile of Westside and Zudio continue to remain consistent with earlier trends,” Trent said in their Q3 filing.