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VERIFIEDET Stocks·positive
Rs 17,540 crore added to Trent mcap, but Citi stays bearish. Why Morgan Stanley disagrees
AI Summary
- ·Trent's market capitalization increased by Rs 17,540 crore following a 13% surge in its share price.
- ·The company reported strong Q2 revenue growth and achieved the milestone of 1,000 Zudio stores.
- ·Morgan Stanley and HSBC maintain a bullish stance on Trent, while Citi expresses caution regarding margins and competition.