highlights
The brokerage house has given a price target of Rs 1500 for Trent Limited shares.
The share price is Rs 1325 and has the potential to earn a 10% return from the current price.
This stock has a 13,000% multibagger return over 20 years.
New Delhi. Tata Group from salt to motors in the country (TATA Group) There are many business enterprises that have made a deep impression on people in their respective industries. In terms of earnings, many companies in Tata’s top flight have also made huge gains for investors in the stock market. A Tata Group company has brought investors surprising returns in a short space of time. Trent Limited stock has gone from being a cheap stock to a multibagger stock over the last 2 decades.
The country’s leading brokerage house Motilal Oswal shares of Trent Limited (Trent stock price) I have given a buy opinion on the stock and a price target of Rs 1,500. Currently the share price is Rs.1325. That means at the current price, this stock has the potential to yield a 10% return.
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At what levels can you buy this Multibagger stock?
IIFL Securities Vice President (Research) Anuj Gupta said: Trent’s shares can be bought on any dip. The strong support on this stock stands at Rs 1270 to Rs 1240 so if it breaks below Rs 1300 it will be a good buying opportunity. At the same time, this stock is facing resistance at Rs 1380 on the upper levels. If the stock breaks this level it can see a price of Rs 1440-1470.
Bumper yield of 13000% in 20 years
Trent has returned more than 20% over the past year and up to 50% in two years. Trent’s stock hit a 52-week high of Rs.1,571 and hit a low of Rs.983 over the same period. In 2003, the stock price of this company was 15 rupees, but today the price has risen to 1325 rupees while the record high is 1571 rupees. This stock has returned more than 13000% in 20 years. Since 2014, this stock has grown tremendously.
Let us tell you that Trent Limited is an active company in retail sector which has many retail outlets across India. Is a company engaged in the retail and trade of clothing, shoes, accessories, etc. This company was founded in 1952.
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Tags: Money making tips, Multibagger Stocks, stock market today, Tata
FIRST RELEASED : March 7, 2023 6:47 p.m. IST
