Trent Limited shares hit a record high after Citi initiated coverage with a 'buy' recommendation, predicting strong growth.

Trent Limited's shares reached a record high of Rs 7,939 after Citi initiated coverage with a 'buy' recommendation, predicting strong growth. The stock has surged 463% in two years and 269% in one year, driven by a multi-format retail strategy. Trent reported a 225% year-on-year profit increase for the June quarter and is set to join the Nifty50 index, potentially attracting $495 million in investments. Citi assigned a target price of Rs 9,250.

September 26, 2024
6 Articles