Trent has shown consistent growth both in revenues and operating profits. However this area is getting overcrowded with the push from deep pocket business houses like Reliance retail and Aditya Birla group. Despite the past records favouring Trent, 58 times P/B and >100 Price to Earnings are not justifiable in my opinion. Sitting on the sidelines and may consider either when the Price goes below 4K or the P/B and P/E comes down to acceptable levels.
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