shares are showcasing relentless momentum in the market, achieving new milestones with each passing month as investors flock to acquire ownership in this Tata Group company. In today's trading session, the stock surged by another 3.4% to reach a fresh record high of 5,509 apiece, driving the company's market capitalisation to 1.
95 lakh crore. Remarkably, Trent crossed the 1 lakh crore market cap mark in December last year, adding another 95,000 crore in less than seven months. This impressive performance reflects Trent's sustained upward trajectory since December, consistently closing each month with gains.
As a result, the stock has appreciated by 95% during this period. Looking even back, the stock has been maintaining a strong upward trend since January 2023, resulting in a remarkable gain of 358% to date. : Despite this impressive performance over a relatively short period, analysts maintain a positive outlook on the stock's valuations.
They believe that the company's robust growth justifies its premium valuation in the market. The company operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one-stop destination for great fashion at great value and Trent Hypermarket, which operates in the competitive food, grocery, and daily needs segment under the Star banner.
Analysts expect continued momentum Trent continues to outperform the discretionary category with exc.
