Stock of Interest

Posted On: August 17, 2023

Stock Report: TRENT (NSE) 16 Aug 2023

Trent Limited, an Indian retail company and part of Tata Group, was founded in 1998 and is headquartered in Mumbai. It operates Westside, a fashion chain, and Landmark, a bookstore chain. With CEO P. Venkatesalu at the helm since October 2021, Trent has grown its workforce to 16,586 employees. In FY23, it achieved a revenue of 8,213 crore INR (approximately US$1.0 billion). As a symbol of Tata Group’s legacy, Trent continues to thrive in India’s competitive retail landscape. 

#xCalData predicts that # TRENT will continue its bullish phase over the next five days and trend within the range of 1951 to 2191. 

In comparison to the previous month, the price of the stock has experienced an increase of 15.93% indicating a bullish.

The Stock has doubled Thrice since 12 May 2015 and took an average of 1.9 years to double.     

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum.  

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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