Shares of Tata Group-owned retail company Trent reached a record high of ₹7,939.90 after rallying 4 per cent on the National Stock Exchange (NSE) in Thursday's intraday trade.
The rally in the stock came after global brokerage firm Citi initiated coverage on Trent with a 'buy' rating and a target price of ₹9,250 on a robust growth outlook.
The NSE last month announced that Trent and state-owned Bharat Electronics (BEL) will replace Divi's Laboratories and LTI Mindtree in the Nifty 50 index rejig. The changes, part of the semi-annual review, will become effective from September 30, the NSE said.
So far, in the calendar year 2024 (CY24), the stock price of Trent has zoomed 160 per cent as compared to the 18 per cent rally in the BSE Sensex during the same period. It has outperformed the market in the past 10 consecutive years.
هذه القصة مأخوذة من طبعة September 27, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September 27, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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