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Rating: Buy | Target Price: Rs 1,670 | Upside Potential: 15%
Trent, the retail arm of Tata Group, has shown tremendous growth in past years and store expansion to more than 500 stores on a consolidated basis, said Bonanza Portfolio. It expects the company to deliver reasonable return ratios.
Trent, the retail arm of Tata Group, has shown tremendous growth in past years and store expansion to more than 500 stores on a consolidated basis, said Bonanza Portfolio. It expects the company to deliver reasonable return ratios.
“We like the company on account of strong execution capabilities by Westside, a ramp-up in overall performance due to key growth driver- Zudio, footprint expansion and better supply chain control due to owned brands, strong liquidity position, profits from Zara and accelerated growth witnessed in latest quarter further proving,” it said.
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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