Hot Stocks: Brokerages on Trent, Hero MotoCorp, HDFC Bank and M&M Finance

Citi has initiated coverage on Trent with a buy rating and a target price of Rs 9,250. The company is outperforming its peers, leading to upgrades from analysts as it adds new organic growth engines. Citi projects impressive revenue, EBITDA, and PAT CAGRs of 41%, 44%, and 56%, respectively, for FY24-27. Trent is effectively leveraging its supply chain and insights from its Westside and Zudio brands. Recognized as a standout performer, Trent has significant potential to scale up its pilot projects.