Consumer Durables News

Monarch Networth Capital on Timken India – Brokerages initiate coverage on these 8 stocks, see up to 38% upside

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.

“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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