Tata Group Stock Recommends 220% Dividend, Sharekhan Assigns Buy Call

Leading Tata Group stock, Trent Ltd has declared 220% dividend at the meeting of board of directors held on April 27, 2023. The company fixed May 25, 2023 as the record date. Last trading price of Trent Ltd is Rs 1366.85 per share with intraday fall of 0.96%. Sharekhan has assigned buy call to Trent with target price of Rs 1550 per share. If you buy Trent share now, you can get likely upside of 13% and dividend income. Check details below:

Trent Recommends Dividend, Fixes Record Date: According to the BSE filing of the company, "We are pleased to inform you that the Board of Directors at their Meeting held on 27th April 2023 have recommended Dividend of ₹ 2.20/- per Equity Share of ₹ 1/- each (220%) for the Financial Year ended 31st March 2023. The Company has fixed the Record Date as Thursday, 25th May 2023 for payment of dividend, subject to approval of shareholders at the AGM. If the dividend on equity shares, as recommended by the Board of Directors, is approved at the forthcoming AGM, such dividend will be paid, subject to deduction of tax at source, as applicable, on or after Friday, 16th June 2023 as per enclosed."

Trent Stock Performance & Return: The last trading price of Trent is Rs 1366.85 per share on BSE. The stock's 52-week high price is Rs 1571.00 per share and 52-week low price is Rs 983.70 per share, respectively. The company has a market capitalisation of Rs 48,589.80 crore. The stock gave return of 16% in last 3-months, declined 6% in last 6-moths, gave return of 11% in last 1-year, and 76% return in last 2-years, and 177% return in last 3-years. It jumped 290% in last 5-years.

Trent About: As part of the Tata group, Trent's flagship concept, Westside offers branded fashion apparel, footwear and accessories for women, men and children, along with a range of home furnishings & decor. This offer is presented through a differentiated portfolio of exclusive brands that are in tune with latest fashion trends appealing to a wide spectrum of style conscious consumers across defined customer segments, according to its official website.

Disclaimer: The stock has been picked from the brokerage report of Sharekhan. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.