Broker call▲ Strongly bullish for Trent
Trent shares hit 10% upper circuit after Q2 revenue rose 23%
The brief
- Standalone Q2FY27 revenue was ₹5,788 crore, up 23% year on year
- Shares surged 10% and hit the upper circuit
- The revenue beat supports sentiment on Trent and India’s listed retail sector
- LIC mints Rs 531 crore in one day as Trent shares rally 13%; insurance behemoth’s stake value nears Rs 4,700 cr
- Jefferies, Nomura and Macquarie initiate coverage on 5 stocks with up to 30% upside potential. See full list
- Stock markets trade higher, led by bank stocks, Reliance Industries
- Trent up 11%, IDFC First Bank down 3%: Q2 business updates drive stock movement on Nifty500
- Trent, Rentomojo or STL? Mayuresh Joshi explains where growth could come from
Trent's Q2 revenue growth and share rally
Trent reported standalone Q2 revenue of ₹5,788 crore, up 23% year on year, and said Zudio had crossed 1,000 stores. Its shares surged as brokerages assessed the update, with Citi cautious and Morgan Stanley more positive.
Tuesday, 6 October
- Trent shares hit 10% upper circuit after Q2 revenue rose 23%