Trent’s shares plunged nearly 4% following a downgrade by Goldman Sachs from ‘buy’ to ‘neutral,’ citing concerns over slowing sales and underperformance of Zudio stores. The brokerage reduced its price target by 21% to ₹5,500. Despite expecting Zudio’s FY25 sales to grow by 60%, Goldman Sachs lowered Trent’s revenue and earnings estimates.
Expect limited upside in near term, stick to stock-specific strategy; Vedanta, Motherson among top picks: CA Rudramurthy BV
Indian markets are struggling to maintain gains despite positive domestic news. Global factors and foreign selling are creating caution. Short-term traders are advised to reduce
December 10, 2025