Brokerage Take: Morgan Stanley on Trent; stock rises 4%



Morgan Stanley has maintained an Overweight rating on Trent with a target price of Rs 8,032

The company’s expansion into the mass-priced beauty segment with Zudio Beauty has strengthened its conviction. The Beauty and Personal Care (BPC) sales contribution has been significant in Westside and Zudio stores, with the BPC business scaling over time as customer behavior has become more indulgent. Emerging cate ..

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