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The Economic Times
The Economic Times
Business
Kumar Gaurav

Tata Group stock! BofA turns bullish on Trent, initiates coverage with Buy, pegs 17% upside

Trent BofA BofA Securities Zudio Westside Kumar Gaurav SEBI

Global brokerage firm BofA Securities has initiated coverage on Tata Group’s Trent with a Buy rating and a price objective of Rs 3,075 per share, citing the company’s differentiated retail platform, strong growth prospects and integrated technology and supply-chain capabilities.

Trent shares ended at Rs 2,622.50 on the NSE on Wednesday, down 0.47% from the previous close of Rs 2,635. The stock has traded in a range of Rs 2,619.30–Rs 2,669.90 during the session.

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