Trent shares slip 3% as Kotak Equities cuts target price to Rs 5,150 on growth concerns
Shares of Tata Groupβs retail arm, Trent Ltd, fell by as much as 2.6% on Monday to Rs 4,868.25 on the BSE after brokerage Kotak Institutional Equities cut the stock’s target price to Rs 5,150 from Rs 5,550. The downgrade was driven by concerns over the company’s store expansion strategy and revenue throughput. Kotak Institutional…
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