India's Trent set for best week in nearly four months on strong quarterly update
BUZZ-India's Trent set for best week in nearly four months on strong quarterly update ** Shares of India's Trent TREN.NS, which operates fashion chains Zudio and Westside, rise 1.27% to 2,912.7 rupees
** Stock up 12.9% so far this week, on track for its biggest weekly gain since week ended June 19
** Co reported 23% y/y growth in Q2 standalone revenue to 57.88 billion rupees ($599.05 million), as sales growth accelerated from 19% in the preceding quarter
** Morgan Stanley ("Overweight", TP:3,406 rupees) says stronger-than-expected revenue growth could drive a near-term reversal in stock's recent underperformance
** Goldman Sachs ("Neutral",TP:3,010 rupees) raises FY26-FY29 earnings estimates by about 2%, citing stronger sales growth, but flags near-term margin pressures from higher raw material and employee costs
** TREN rated "buy" on average by 26 analysts, median PT at 3,417 rupees--LSEG compiled data
** YTD stock up 2.11%
($1 = 96.6200 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |))
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