This surge in the company’s shares comes after the news of  strong results for the March quarter, positive management remarks, and  an increase in target prices by brokerage firms.

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Foreign brokerage firm Jefferies has raised the target price of the stock to Rs 4,150, but its rating remains ‘hold.’

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The company said it profited from a one-time profit of Rs 543  crore during the quarter. The company’s revenues in the March quarter  increased by 53.4% to Rs 3,187 crore.

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As of March 31st, Trent’s portfolio includes 232 Westside stores, 545 Zudio stores, and 34 other lifestyle stores.

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Meanwhile, Ancient Stock Broking has upgraded its rating on  the stock from ‘hold’ to ‘buy’ and raised its target price from ₹3,771  to ₹4,876.

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