Value-for-Money Fashion Spurs Indian Retail Stock’s 129% Surge

After outperforming most of the world’s big retail stocks, shares of Trent Ltd. may be poised to rise even further with their addition to India’s benchmark index.

The Tata Group company’s stock has risen 129% this year, ranking it No. 3 on the Bloomberg World Retail Index, on a winning strategy in affordable apparel. The gains may extend after news Friday that Trent will be included in India’s benchmark NSE Nifty 50 gauge next month.