Shopper's Stop shares rise 10 percent
Bangalore: Shopper's Stop stock was among the top gainers after its price went up by 10 percent. After opening the day at 
623, the stock touched its 52 week high of 738.70, before closing trade at 621.55, with a gain of 10.03 percent. Through the day, 334573 shares of Shopper's Stop were traded in the market with the P/E ratio of 41.37. The 52 week stock price chart is on the left.
Shopper's Stop is an India-based company engaged in the business of retailing a range of household and consumer products and books through Shoppers Stop.Com (India), Shoppers StopServices (India), Upasna Trading, Crossword Bookstores and Gateway Multi Channel Retail (India). It houses international and domestic brands across categories, such as apparel, accessories, cosmetics, home and kitchenware. As at March 31, 2010, the company operated through 34 departmental stores (including HomeStop) located in different cities of India. As of March 31, 2010, the company operated 33 Crossword stores. In July 2010, Shoppers Stop acquired 32 percent interest in Hypercity Retail (India), bringing its total to 51 percent.
Shopper's Stop has 33 stores covering two million sq ft and plans to add 27 stores in four years and will add another 1.5 million sq feet of retail space. The company plans to invest 225 crore for this expansion plan which will come through internal accruals. The consensus recommendation is to hold the stock with 3 analysts suggesting to hold the stock.
623, the stock touched its 52 week high of 738.70, before closing trade at 621.55, with a gain of 10.03 percent. Through the day, 334573 shares of Shopper's Stop were traded in the market with the P/E ratio of 41.37. The 52 week stock price chart is on the left.
Shopper's Stop is an India-based company engaged in the business of retailing a range of household and consumer products and books through Shoppers Stop.Com (India), Shoppers StopServices (India), Upasna Trading, Crossword Bookstores and Gateway Multi Channel Retail (India). It houses international and domestic brands across categories, such as apparel, accessories, cosmetics, home and kitchenware. As at March 31, 2010, the company operated through 34 departmental stores (including HomeStop) located in different cities of India. As of March 31, 2010, the company operated 33 Crossword stores. In July 2010, Shoppers Stop acquired 32 percent interest in Hypercity Retail (India), bringing its total to 51 percent.
Shopper's Stop has 33 stores covering two million sq ft and plans to add 27 stores in four years and will add another 1.5 million sq feet of retail space. The company plans to invest 225 crore for this expansion plan which will come through internal accruals. The consensus recommendation is to hold the stock with 3 analysts suggesting to hold the stock.