Trent shares jump 6% despite bearish Citi recommendation; Here's why ₹3,000 is a key level

Shares of Trent Ltd. gained over 6% on Wednesday, June 17, and was trading above the ₹3,000 level. The last time the stock had closed above ₹3,000 was on November 7, 2025.

The stock is in the green on Wednesday after a day's loss. It has gained for three out of the last four trading sessions. It has risen 12.8% over the four sessions.

Despite the recovery, the Tata Group stock is still down 30% from its 52-week high of ₹4,174.

The stock is trading with gains on Wednesday even as brokerage firm Citi has a "sell" rating on the stock and a price target of ₹2,733 apiece, indicating a potential downside of 5.7% from its previous close.

Citi listed takeaways from Trent's management meet:

Demand appears to be holding up reasonably well.
Suplly-side remains noise across raw materials (polyester/cotton), labour availability, etc.
Inflation impact in the medium-term is limited as consumers continue to consume, but share shifts across players can be meaningful.
Prefer not to pass on the entire cost impact and instead solve through interventions across product, sourcing and operations.
Real estate remains an important variable, but Trent's asymmetric lease structures continue to provide a strong option value.
Zudio's opportunity appears larger than earlier envisaged, with a higher share of India ready for the brand.
Trent continues to evaluate lifestyle adjacencies — jewellery, accessories, beauty, fragrances and home — while Star is now in a better place and remains an interesting long-term opportunity.

Of the 27 analysts who have coverage on Trent, 20 have a "buy" rating, five have a "hold" rating and two have a "sell" rating.

Shares of Trent are trading 6% higher on Wednesday at ₹3,073. The stock is now up 8% so far in 2026.

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