India's Shoppers Stop down after third straight quarterly profit fall
19/01/2024 04:27
** Shares of departmental store operator Shoppers Stop
SHOP.NS drop 5% to 667.40 rupees after a third straight
quarterly profit fall
** SHOP's Q3 net profit declines 41% y/y, rise in total
expenses outpaced rev growth
** More than 76,000 shares trade, 0.8x 30-day avg volume
** Last currently down nearly 2%, taking YTD losses to 0.4%,
after 2.6% decline in 2023
(Reporting by Rama Venkat in Bengaluru)
((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))
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