The stock is in the green on Wednesday after a day’s loss. It has gained for three out of the last four trading sessions. It has risen 12.8% over the four sessions.
Despite the recovery, the Tata Group stock is still down 30% from its 52-week high of ₹4,174.
The stock is trading with gains on Wednesday even as brokerage firm Citi has a “sell” rating on the stock and a price target of ₹2,733 apiece, indicating a potential downside of 5.7% from its previous close.
Citi listed takeaways from Trent’s management meet:
- Demand appears to be holding up reasonably well.
- Suplly-side remains noise across raw materials (polyester/cotton), labour availability, etc.
- Inflation impact in the medium-term is limited as consumers continue to consume, but share shifts across players can be meaningful.
- Prefer not to pass on the entire cost impact and instead solve through interventions across product, sourcing and operations.
- Real estate remains an important variable, but Trent’s asymmetric lease structures continue to provide a strong option value.
- Zudio’s opportunity appears larger than earlier envisaged, with a higher share of India ready for the brand.
- Trent continues to evaluate lifestyle adjacencies — jewellery, accessories, beauty, fragrances and home — while Star is now in a better place and remains an interesting long-term opportunity.
Of the 27 analysts who have coverage on Trent, 20 have a “buy” rating, five have a “hold” rating and two have a “sell” rating.
Shares of Trent are trading 6% higher on Wednesday at ₹3,073. The stock is now up 8% so far in 2026.
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