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SHOPERSTOP - Shopper's Stop News Story

₹159.75 0.2  0.1%

Last Trade - 11:25am

Consumer Cyclicals
Small Cap
Market Cap £143.6m
Enterprise Value £350.3m
Revenue £353.8m
Position in Universe 569th / 3000

BUZZ-Shopper's Stop slips as weak demand drives Indian retailer to quarterly loss

Thu 24th October, 2019 6:47am
** Shares of Shopper's Stop Ltd  SHOP.NS  fall as much as
4.9% to 375.05 rupees, their lowest since Sept 19
    ** The retailer on Wednesday reported a net loss of 53.7 mln
rupees ($757,511.64) for Sept qtr, vs a profit of 132.1 mln
rupees last year
    ** This is the company's first quarterly loss in two years
    ** Revenue from operations slipped 2.2% to 8.45 bln rupees
    ** Quarter has been muted due to a subdued economy - co says
in statement
    ** About 7,831 shares change hands, as of 0541 GMT, vs
30-day avg of 20,112 shares
    ** Nine of 13 analysts covering the stock have a "buy" or
"strong buy" rating, two have "hold", while two rate it at
"sell"; median PT is 485 rupees - Refinitiv data
    ** Stock down 27% this year, as of last close

($1 = 70.8900 Indian rupees)

 (Reporting by Chris Thomas in Bengaluru)
 ((; +91-80-6749-8695; Reuters
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