Trent 8100 CE Recommended above 252, Sl 238, Trgt 272-288.
Several Tata group stocks were in focus today as Noel Tata was named as the new Chairman of Tata Trusts, following the demise of Ratan Tata. The decision was made unanimously by the board, placing Noel at the helm of two of the most significant charitable organizations within the Tata group. One of them was Trent Ltd.
Retailing sector can be divided into various categories, depending on the types of products serviced. It covers diverse products such as food, apparel, consumer goods, financial services, and leisure. Growth in the Indian retail industry has been driven by the country’s economic fundamentals over the past few years.
India is a fast-evolving and dynamic consumer market which necessitates the retails industry to be constantly innovative to stay relevant in the market. The growing population and continuous demand are witnessing significant opportunities in the retail industry. Indian markets have been witnessing a change from a need-based industry to fashion, style, and fitness-oriented industry and it has also got the potential to increase its global market share in export. With changing lifestyles and increasing affluence, domestic demand is projected to grow at a faster rate.
The retail industry is also expected to witness intense competition from innovative digital platforms.
Sales growth and revenue per square feet: You can look at the historical sales growth of the company in order to forecast the future sales of the company. Sales for the current year of Trent is Rs 11,926.56 Cr. The compounded sales growth of the past three years of Trent is 79.93 %.
Operating Margin: This will tell you about the operational efficiency of the company. The operating margin of Trent for the current financial year is 16.54 %.
Current Ratio: This is the working capital ratio that will tell you whether the company is generating enough cash for the working capital requirements. The current ratio of Trent is 1.96 as of this year.
Return Ratios such as Return on Assets (ROA), Return on Equity (ROE) of Trent is 18.44 % and 38.15 % respectively for the current year. 3-year average ROE is 22.27 %.
Dividend Yield: – It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Trent is Rs 3.20 and the yield is 0.04 %.
The stock breached yesterday’s descending trendline after 2nd candle in the morning. Hence recommended ATM Call Option. The trend was showing higher high and higher lows for trailing stop below ascending trendline for rewarding benefits.