Trent: Tata Group stock trading in style, hits 52-w high

DSIJ Intelligence / 06 Sep 2016

Trent: Tata Group stock trading in style, hits 52-w high

Trent, a Tata Group stock has touched its 52 week high on Tuesday, making a high of Rs 2420 per share on an intraday basis. The stock is trading at Rs 2383 per share at 12.30 pm. The stock has delivered impressive returns of 91 per cent over a 1 year period. 

Trent, a Tata Group stock has touched its 52 week high on Tuesday, making a high of Rs 2420 per share on intraday basis. The stock is trading at Rs 2383 per share at 12.30 pm. The stock has delivered an impressive 91 per cent returns over 1 year period. In one month the stock has generated over 29 per cent thus outperforming the markets by a big margin.

Trent is operation in retail sector and its core business comprises of West side and Landmark while it has JVs with Tesco and Inditex for Star Bazaar and Zara, respectively. Westside, spread in more than 53 cities with an upward count of 90 stores in India, offers inhouse branded fashion apparels.

Star Bazaar a Trent's hypermarket is another feather in the cap for Tata group's retail chain , which is essentially a joint venture with British grocery & general merchandise retailer Tesco. Trent also has a JV with one of the largest fashion retailers, Inditex, which owns brands Zara & Massimo Dutti.

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