Reclusive investor Radhakishan Damani s multi-crore portfolio saw only one stock that gave multibagger returns in the calendar year 2023. Shares of Tata Group retailer Trent, in which Damani owns 1.5% stake, has been the top performing stock in his portfolio with a handsome return of 123% return.
India’s largest company continues to grow in its traditional and consumer-facing sectors, but its digital businesses, data capabilities, and seamless connectivity will drive the next phase
Riding on strong June-quarter numbers and positive brokerage outlook, the stock of retail major Trent hit a fresh all-time high on Monday (August 14).
The stock has gained 14 per cent in five trading sessions.
Continuing the trend of strong revenue growth over the last few quarters, the company posted 53.5 per cent year-on-year (Y-o-Y) growth in top line to Rs 2,536 crore in the June quarter (first quarter of financial year 2023-24 or Q1FY24).