This RK DAMANI Multibagger Stock Gave 1,100% Return in 10 years!
A multibagger stock, part of Radhakishan Damani portfolio stock, gave exponential returns of over 300% in the last five years
This mulibagger stock has also helped investors get a staggering 1,100% return in the last ten years
As of June 30, RK Damani held a 1.5% stake in Trent Limited. With market capitalisation of over Rs 50,000 crore, Trent share prices are above their 100-and 200-daily moving averages
It was initially named Lakme when it was established on December 5, 1952. When the company was merged with Lakme Limited, its name changed to Trent
Westside, an entity of the Tata Group, offers apparel, accessories, footwear for women, children and men. The fashion brand also has home decor and furnishings
Trent Limited operates Zara stores and Massimo Dutti stores in India in partnership with Spain's Inditex group
Analysts said that Trent continues to outperform owing to superior business performance in both Westside and Zudio formats
Experts believe that the robust performances during challenging times and an industry-leading performance will continue to warrant premium valuations for Trent
On technical parameters, the stock is hovering well above all its major exponential moving averages on all time frames, adding up to the bullish quotient in the counter