If you have invested in Tata Group's company Trent and you are in profit, then you should withdraw the profit. This is the belief of brokerage firm Kotak Institutional Equities. The brokerage has downgraded the stock and now has advised Sell for the stock, earlier it was advised Add. Along with this, the brokerage has also reduced its target for the stock. The special thing is that in Friday's trade, amid the fall in the market, the stock is trading with a gain of 0.3 percent.
 

What is special in the report
 

The brokerage house has reduced its target for the stock to 5850. Earlier the target was given of 6800. According to the new target, the stock may slip 6 percent more than Thursday's closing level. At the same time, according to the previous closing level, the stock has come down 25 percent from its all-time high. The brokerage house wrote in a note that after a long rally in the stock, now the time has come for profit booking. According to the report, even though the company is opening new stores, the growth of every store may slow down. According to the report, in some cities the stores have opened very close which is affecting each other's sales. 

How was the performance of the stock 

The stock has fallen by about 10 percent in the last one month. However, the long-term performance of the stock has been excellent. The stock has given positive returns to investors every year in the last decade. While the stock doubled in 2023, in 2024 the stock once again gave a return of 100 percent. The stock had recorded a year's high of 8345 on 14 October 2024. At the same time, the stock reached a year's low of 2957 on 7 February 2024. The stock is currently above the 6200 level.