India's Shoppers Stop falls on Q2 profit slump

Shoppers Stop

19/10/2023 05:03

** Shares of Shoppers Stop  SHOP.NS  fall as much as 5.8% to
651 rupees 
    ** The department store operator reported an 82% YoY fall in
its Sept-qtr net profit; rev from ops up 3% YoY 
    ** About ~ 39,500 shares change hands vs 30-day moving
average of 67,450 shares
    ** Five analysts rate the stock "buy" or "strong buy", one
"hold", four "sell" or "strong sell"; median PT is 850 rupees -
LSEG data
    ** SHOP stock down 7% YTD     

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))