Trent’s stock surged 4% after Goldman Sachs initiated a ‘Buy’ rating, setting a target price of Rs 800.
The brokerage highlights Trent’s strong market share growth, fueled by its popular Zudio brand, which is difficult for competitors to replicate.
Goldman Sachs forecasts Trent’s revenue, EBITDA, and PAT to grow at a strong compound annual growth rate (CAGR) of 28%, 34%, and 29%, respectively, from FY24-FY30.
As of 12:01 pm, Trent shares were trading 3.23% higher at Rs 6,502.40 on the NSE.
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