Trent shares nosedive over 19% after analysts cut target price following Q4 miss; sharpest fall since March 2020
Trent shares plunged 19.2% to Rs 4,491.7 in Monday’s intraday trade on the BSE, marking their biggest single-day fall since March 2020. The sharp decline came after a weaker-than-expected Q4 business update, coupled with bearish commentary from analysts and a broader market selloff.
Brokerage firm Antique revised its target price for Trent to Rs 6,801 from Rs 7,363 but maintained a ‘Buy’ rating on the stock. The firm also trimmed its EPS forecast by 2% to 10% for FY25–27, citing a high base effect that could moderate growth momentum.
Trent reported a 28% year-on-year revenue growth for Q4, slightly below street estimates. The company added 130 new stores during the quarter, including 10 net new additions across its Zudio and…
