2 hrs ago
Trent Hits Upper Circuit After Q2 Update; HSBC Sees Upside
Trent is a company that runs retail stores, including Westside and Zudio.
Its shares rose by the maximum allowed daily limit of 10% after it shared an update about its business.
The update said its revenue grew in the second quarter compared with the same quarter a year earlier.
Revenue for the first half of the financial year also increased.
Trent opened more Westside and Zudio stores during the quarter.
One of those milestones was opening Zudio’s 1,000th store.
HSBC said the stock could have 32% upside.
The article also reported that the stock had reached a 52-week low on March 30, 2026, and that its RSI was in the oversold zone.
Trent shares rose to their 10% upper circuit after the company’s Q2 business update.
HSBC sees 32% upside in the stock.
Standalone Q2 FY27 revenue increased 23% year over year to Rs 5,788 crore, from Rs 4,724 crore.
H1 FY27 revenue grew 21% year over year to Rs 11,454 crore.
Trent opened 10 Westside stores and 17 Zudio stores in Q2, including Zudio’s 1,000th outlet.
- Who
- Trent, the retailer operating Westside and Zudio; HSBC provided an upside estimate.
- What
- Trent shares hit their 10% upper circuit after a Q2 business update.
- Where
- Not specified in the article.
- When
- After the Q2 FY27 business update; the article also cites March 30, 2026, as the date of a 52-week low.
- Why
- The update reported revenue growth and store openings; HSBC said it sees 32% upside.
Key facts
- Q2 FY27 standalone revenue
- Rs 5,788 crore, up 23% year over year from Rs 4,724 crore.
- H1 FY27 revenue
- Rs 11,454 crore, up 21% year over year.
- Q2 store additions
- 10 Westside stores and 17 Zudio stores.
- Zudio milestone
- Opened its 1,000th store during Q2.
- Share move
- Shares hit the 10% upper circuit after the business update.
- HSBC outlook
- Sees 32% upside in the stock.
- Technical details reported
- The stock reached a 52-week low of Rs 2,185 on March 30, 2026; its RSI was 24.7, described as oversold.
Sources
Related news
Trent Hits Upper Circuit After Strong Q2 Business Update
Indian Stocks in Focus After Business and Earnings Updates
V2 Retail shares fall 19% after weaker Q2 growth update
Avenue Supermarts Shares Fall Despite Strong Second-Quarter Revenue Growth
Avenue Supermarts Q2 Revenue Climbs 18.4%, Store Count Reaches 518
Macquarie Names 12 Indian Stocks for Earnings and Returns
Sensex, Nifty Rise as Bank and Reliance Shares Gain
Indian Stocks to Watch as Company Updates Drive Market Attention
