TRENT LTD.

Flash News Investment - - RECOMMENDATIONS -

Ticker: 500251 {FV: ₹1 {52-Week H/L: ₹325.20/176.80 We had rec­om­mended Trent Ltd. in Vol­ume No. 33, Is­sue No. 49 (dated Septem­ber 25, 2017) when the scrip was trad­ing at Rs 303. Our rec­om­men­da­tion was based on fac­tors like ro­bust fi­nan­cial per­for­mance and ag­gres­sive ex­pan­sion plans. De­spite de­mon­eti­sa­tion and GST, the com­pany de­liv­ered good growth in Q1FY18. But due to higher GST rates, mar­gin pres­sures might be seen on branded ap­parel and re­tail seg­ments in Q2FY18. As the fes­tive sea­son is round the cor­ner, pick-up in sales could be seen and good growth can be ex­pected in H2FY18. Its ex­pand­ing dis­tri­bu­tion net­work would also au­gur well for the com­pany. Hence, we rec­om­mend in­vestors to HOLD the scrip.

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