Trent Share Price | Bearish trend in stocks giving multibagger returns, huge decline in last three months
Trent Share Price Tata Group, one of the country's largest industrial houses, has many companies listed on the Indian Stock Exchange. In the domestic market, most of the Tata Group companies have given tremendous returns to investors in the long run, one of which is Trent Limited, a company selling expensive fashion apparel, footwear and accessories. Shares of Tata Group, which operates in the retail sector, have given very good returns to investors in the long run and their wealth has increased manifold in the last five years, but now the shares are facing selling pressure.
Huge decline in Tata shares
Shares of Trent Limited have made investors nine times more money in the last five years but now no one is ready to buy this multibagger stock. It has been a disappointing start to the year for Tata Group shares, which have given a negative return of 12% so far. Shares of Trent have been showing negative sentiment for the past three months, Business Today reported. In such a situation, the question is whether to invest in this share of Tata Group or not. In the last year, Tata's multibagger stock has performed attractively, while the Nifty 50 index has been the worst performer not only in Tuesday's trading session but also in the month of January. Trent Limited was the best performing stock in Nifty50 in the last year 2024. The shares had jumped more than 133% but recently, the brokerage firm gave a sell rating to Trent Ltd shares and cut the target price.
Stock on slow track
Shares of Tata Group's Trent Ltd returned 419%, 435% and 954% multibagger returns in two, three years and five years respectively, while Trent shares hit a record high of Rs 8,345.85 on October 14 last year. However, the stock is now down 25.39% from its high. In this way, a bearish trend is being seen in the stock. Shares of Trent were trading at Rs 5,606.20 on BSE, while the company's market cap has fallen to Rs 2.20 lakh crore due to losses in the last few days. At the same time, the country's leading brokerage house HDFC Securities had issued a sell notice on Trent's shares and set a target price of Rs 4,160.
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