Current setup and Live Chart
The Trent share price fell 4.13% on Thursday, 23 April, despite stellar Q4 earnings. The deal-breaker for investors was the company’s plan to raise 2,500 crore rupees, even as brokerages expressed concerns about the demand outlook for the company’s products. The drop in the Trent share price made it the top loser on the Nifty 50 index on the day.
Traders sold off the stock due to a lack of clarity on how the 2,500 crore rupees being raised for expansion would be deployed. Despite this, Bernstein has maintained its prior Outperform rating on the stock, with a target price of 5,000 rupees per share for Trent. But even Bernstein is not enamored by the rights issue. HSBC retained a Buy rating with a target of 4,830 rupees, while Citi and Jeffries maintained Sell and Hold ratings, respectively. Citi has a 4,100 rupee share price target, while Jefferies sees the Trent share price hitting 4,675 rupees.
Trent Share Price: Macro Drivers
1. Strong Q4 performance: Trent Limited posted a Q4 profit growth of 26%, and issued its first maiden bonus. The company also reported a 19.2% revenue growth toto ₹5,027.99 crore, driven by expansion (23 Westside, 109 Zudio stores). This could taper the stock’s decline once traders come out of worries about the proposed funding plan.
2. Expansion trade-off: Analysts are monitoring the expansion plans of the company, for which it intends to raise 2,500 crore rupees. Analysts think a rapid rollout into Tier-II/III cities will pile more pressure on the stock, which is why it sold off post-earnings.
Trent Share Price Forecast Scenarios
Base case: the stock will remain supported, but price movements are likely to be choppy due to the offset of strong Q4 results by scrutiny around fundraising/scale-up.
Bull case: If the market rewards the profit growth and the bonus issue, we could see the price push further north. This scenario will also benefit from improved store economics.
Bear case: Recall that the company’s LFL sales growth had only just recovered into single-digit territory in Q4 FY2026, after the previous quarter ended up in negative position. This recovery helped push the overall revenue growth and needs to retain this trajectory to avoid de-rating by investors. Aany sign of faster-than-expected deterioration in Trend Limited’s Like-For-Like (LFL) sales growth will lead to a de-rating risk, spooking investors → selloff.
Trent Share Price: Technical Outlook
The rejection at the 4439 resistance (17 November 2025 and 6 January 2026 highs) has halted the relief rally. However, downside continuation only follows a breakdown of the 3992 pivot (9-18 December 2025 and the 2 February 2026 lows). This scenario unlocks access to the 3279 support level.
However, if the bulls can force a recovery above the 4439 resistance, we could see an advance towards 4619 initially (13 October 2025 low) before the 4942 resistance becomes visible.
