Friday, April 16, 2021

TRENT | Stock Analysis and Price Outlook

   

Trent Ltd.

Stock Price: 742


Trent Ltd is a part of the Tata Group and is engaged in the business of retailing. The business areas of the company includes Westside: With a number of stores across India, this chain offers clothes, footwear and accessories for men, women and children, along with furnishings, artifacts and a range of home accessories.Star Bazaar: This hypermarket chain offers a wide choice of products, including staple foods, beverages, health and beauty products, vegetables, fruits, dairy and non-vegetarian products.Landmark: A leader in the books and music category, this chain has a range of titles in books and music, and also stocks movies, toys, gift items and stationery.Fashion Yatra: The stores bring quality fashion at low prices to value conscious customers in towns across India.

Nature   Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 


Key  Summary

Promoters holding remains unchanged at 37.01% in Mar 2021 qtr

Mutual Funds have decreased holdings from 6.16% to 5.94% in Mar 2021 qtr

Number of MF schemes increased from 25 to 27 in Mar 2021 qtr.

FII/FPI have increased holdings from 29.41% to 29.9% in Mar 2021 qtr.

Number of FII/FPI investors increased from 394 to 417 in Mar 2021 qtr.

Institutional Investors have increased holdings from 39.45% to 40.16% in Mar 2021 qtr.




Technical Chart & Price Outlook


Bullish Momentum - Above Short, Medium and Long Term Moving Averages 

Hold and accumulate for the levels of 844 in short term and 939 in mid term.


Recent Valuation Summary

Company with Low Debt

Increasing Revenue every quarter for the past 3 quarters

Book Value per share Improving for last 2 years

Company with Zero Promoter Pledge

FII / FPI or Institutions increasing their shareholding

Strong Momentum: Price above short, medium and long term moving averages





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Disclaime
r- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader,user and company that are mention on this website.We are not SEBI registered financial advisor or analyst.


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