The company has plans to grow its revenue by 25% in the long term as brokerages remain bullish about the company’s prospects
Trent has rebounded from lower levels over the past few months and formed an ascending triangle pattern on its daily technical charts, according to SEBI-registered analyst Orchid Research.
The ascending triangle is a bullish chart pattern that typically appears during an uptrend, signaling a continuation of the existing trend.
The analyst notes the Open Interest build-up around the consolidation zone of ₹5,700–₹5,800, indicating investor interest at these levels.
Orchid Research stated that a breakout above the ₹5,700–₹5,800 range could potentially lead to a short-term upside toward ₹6,200 and advised a stop loss at ₹5,550.
At the time of writing, Trent was trading 1.4% higher at ₹5,781.
In other news, Trent and Bharat Electronics will be included in the BSE Sensex from June 23, replacing Nestle India and IndusInd Bank.
Trent, a part of the Tata conglomerate, is a diversified retail company that operates brands like Westside and Zudio. The company reported a 38% increase in standalone revenue for the full year ended March 31, 2025. Its net profit rose 10% to ₹1,584.84 crores. The company also declared a dividend of ₹5 per share.
In an analyst meeting, the company reaffirmed its commitment to the long-term revenue growth target of 25% and is exploring category extensions, including beauty, innerwear, and footwear. Trent has plans to expand its in-house brand portfolio, increase store density in select markets, and continue overall expansion.
The stock continues to receive bullish calls from brokerages. HSBC has initiated coverage with a ‘Buy’ rating and a target of ₹6,700, indicating a 17% upside.
Morgan Stanley maintained its ‘overweight’ rating with a ₹6,359 target, citing strong long-term growth plans. Macquarie reiterated ‘outperform’ with a ₹7,200 price target.
Trent’s shares have fallen nearly 20% year-to-date (YTD).
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