News for Shoppers Stop Limited (SHOPERSTOP.BO)

Both the benchmark Sensex and Nifty were trading higher at noon on Tuesday. At 12:30 p.m., the NSE Nifty 50 was up 0.3% at 23,240 level and BSE Sensex by 0.37% near 76,800. From Maruti Suzuki India Ltd., Shoppers Stop Ltd., and Indian Overseas Bank to Adani Green Energy Ltd., these are the stocks that moved the most.

Shoppers Stop shares climbed 10.81% to Rs 688 against the previous close of Rs 620.85 on BSE. Market cap of the firm rose to Rs 6,954 crore.

Shoppers Stop share price: The company experienced an 11% increase in revenue from operations, reaching Rs 13.79 billion. Premium products accounted for 64% of the total revenue for the quarter, reflecting a 9% growth compared to the previous year.

Stocks including Adani Green, Vedanta, IRFC, Adani Energy, Welspun Corp, Premier Energies, Innova Captab, J&K Bank and more will be in the spotlight on Wednesday, January 15.

Shoppers Stop Q3 Results: Shoppers Stop reported a significant 41.7% increase in consolidated net profit to Rs 52.23 crore in Q3 of FY25 compared to the previous fiscal's similar period. The department store chain also saw its total income rise by 12.9% year-on-year to Rs 1,402 crore, while total expenses for the quarter stood at Rs 1,329.16 crore.

Stocks including HCL Technologies, Life of Insurance Corporation, Angel One, Bharat Electronics, Indian Hotels, HDFC AMC, JSW Energy and more will be in the spotlight on Tuesday, January 14.

Elara Capital initiates coverage on Vishal Mega Mart with a "buy" rating and a Rs 140 target price, citing strong growth potential, efficient operations, and expansion plans. Risks include slower growth and supply chain challenges.Caption: Poised for 19.2% revenue CAGR and loyal customer growth, Vishal Mega Mart targets 846 stores by FY27, backed by efficient operations and mass-market appeal.

Ecommerce major Amazon has exited Shoppers Stop by selling nearly 4% stake in the retail chain for INR 275.88 Cr via a block deal.

In the Nifty pack, 44 stocks closed in the green, while 6 stocks ended in the red.

India's Q2 2024 earnings season disappointed. Many profit-making companies reported losses. Nifty earnings grew at the slowest pace since June 2020. Analysts point to a slowdown in several sectors. However, experts predict a recovery in the second half of the fiscal year. Increased government spending and strong festival demand are expected to boost growth.

The Nifty IT index was trading 0.4 per cent at 42762.05.

Oct 23, 2024 / 05:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the Shoppers Stop Limited Q2 FY25 earnings conference call. (Operator Instruct

Jul 19, 2024 / 05:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the Q1 FY25 earnings conference call of Shoppers Stop Limited. (Operator Instr

Sandesh Ltd, Gokul Agro Resources, SMS Pharma, Shoppers Stop and Suraj Ltd, hit their fresh 52-week highs at 10:44AM.

BASF India, Linde India, Adani Green Energy and Jindal SAW witnessed 20-22 per cent jump in their FY25 EPS forecasts. Among them, BASF India and Jindal SAW also saw their FY26 estimates rising by 28 per cent and 18 per cent, respectively.

NDR Auto Components, Shoppers Stop, GE Power India, IZMO and Talbros Auto, hit their fresh 52-week highs during the day.

M&M, Tata Steel, Hindalco, TCS and Hero MotoCorp were among the top losers on NSE in today's trade.

The Nifty Auto index closed 2.02 per cent down at 25302.8.

The Nifty Pharma index closed 0.39 per cent up at 20725.95.