Stock Picks With Anil Singhvi: Trent is the share to buy today says Vikas Sethi, reveals why
Top Stocks To Buy - Trent Ltd: Market Analyst Vikas Sethi today recommended a stock from the retail sector, which he said is an excellent company. Trent, a Tata Group company, has a cash surplus and is associated with great brands like Star bazaar which has been doing well even during the lockdown
Top Stocks To Buy - Trent Ltd: Market Analyst Vikas Sethi today recommended a stock from the retail sector, which he said is an excellent company. Trent, a Tata Group company, has a cash surplus and is associated with great brands like Star bazaar which has been doing well even during the lockdown. Another popular brand associated with this company is Westside. The company also has a tie-up with Zara. The recent announcement by the Ministry of Home Affairs (MHA) which has allowed malls to open from 5th August, augurs well for the company, Sethi said.
The technical analyst said that he was bullish on this Trent share price. He recommends a Buy on this stock at current levels. He puts a very short term target of Rs 600 while keeping the stop-loss at Rs 545. The stock is currently trading at around Rs 576.
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This stock has been recommended as part of his daily picks under the popular ‘Sadabahaar Sethi Saab’ TV show. The technical analyst gives his top trading calls to the Market Guru in this show. The stocks are usually recommended with a short term view.
On Sethi’s stock pick today, Singhvi said that the opening up of malls is expected to benefit retail companies.
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Established in 1998 and part of the Tata group, Trent is headquartered in Mumbai and has pan-India operations. Among the leading players in the branded retail industry in India, the company operates its stores across four formats - Westside, Zudio, Star and Landmark.
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