Shopper’s Stop 'show-stopper'!

about 3 years ago
No Image

Shopper’s Stop is currently the top gainer on the BSE. The stock, which had closed yesterday at Rs.280.55, opened today morning at Rs.296.90 and went on to hit a new high at Rs.335.85, just a tad away from its 20% UC of the day at Rs.336.65. Volumes have also jumped up over 5 times.

The market is pretty piqued with the company’s performance for Q2Fy22 which clearly indicates that buying has bounced back and will soon touch or surpass pre-pandemic levels as festive and wedding seasons peak.

The company’s consolidated total revenue for the quarter rose 117% (YoY) to Rs.709 crore and thanks to this leg-up, net loss narrowed down to Rs.3.68 crore v/s loss of Rs.98 crore.

Shoppers Stop MD & CEO Venu Nair said, "The demand postponement triggered by the second wave of the pandemic witnessed a strong comeback in Q2.  While July was muted with multiple lockdowns and Maharashtra completely closed, August and September witnessed a sharp recovery. Our sales more than doubled and EBITDA quadrupled against last year.”

Popular Comments

No comment posted for this article.