Jul 15, 2017

TRENT LTD.Buy/Sell/Hold? Short - Mid Term View 15 JULY 2017 For Trading Positional Funda-Technical Analysis Recommendation

Recommendation: Strong Buy
View : Short to Mid Term, Long Term
Strategy : ?
CMP : bse cash 261

After crashing to 20 levels post 2008 global financial crisis led crash in the market, this stock has been steady within a range of 100 and 150 over the 10 years. It has broker out above 176 in the last months of 2016, given another break out above 220 and now ready break out again above 270 levels.
We expect the stock to double first and then rise 50% more. 
Talking about the fundamentals, the company is the holding and listed retail arm of the Tata group. The company financial has been steadily rising over the last 5 years and it has taken expansion of its activities with TESCO and has good growth and expansion plans.
It owns the Westsides stores and Star bazaar hyper markets among other. The co. has doubled its sales in last 5 years without increasing the capital.
Profitability has been very impressive over the past 5 years and now with the housing and credit theme becoming prominent the retail mall space is going to get very good attention especially with the profit making companies having strong group brand like Tata.

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