India's Shoppers Stop rises on deal with make-up brand Max Factor

Shoppers Stop

28/08/2024 09:04

** Shares of Shoppers Stop  SHOP.NS  rise as much as 4.9% to
824 rupees
    ** Department-store chain signs deal with make-up brand Max
Factor, owned by Coty  COTY.N 
    ** Says Max Factor will expand India presence to 70 SHOP
outlets by the end of the year
    ** Avg rating of nine analysts is "hold"; median PT is
805.50 rupees - LSEG data
    ** Stock up 4.6% so far in August, on track for fourth
straight month of gains
    ** YTD SHOP up 18.3% vs Trent's  TREN.NS  134% jump

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))