This Tata Group stock extends winning streak to 11th consecutive year, surges 126% in CY24
Live MintTrent, a Tata Group company renowned for its diverse retail portfolio, has seen exceptional growth in its share price this year and is poised to deliver multibagger return. This significant growth in stock price has not only boosted shareholders' wealth but also increased the company's market capitalisation, to nearly ₹3 lakh crore in October, when the stock touched a fresh record high of ₹8,345. On an expansion spree Trent is expanding aggressively in Tier II and III cities to drive growth while Zudio, with its first-mover advantage and high brand equity, retains strong customer loyalty. According to the domestic brokerage firm Elara Capital, non-metro cities are expected to account for 60% of Zudio's new store expansion in the coming years, driven by increasing rural consumption.