India's Shoppers Stop rises on positive analyst view

Shoppers Stop

27/06/2023 09:42

** Shares of Shoppers Stop  SHOP.NS  up as much as 2.12% to
808.55 rupees
    ** Brokerage Motilal Oswal says co's healthy recovery in
same store sales growth (SSSG) and stores addition guidance in
departmental/beauty segments should aid revenue growth
    ** A healthy balance sheet, and strong free cash flow
generation capability could provide comfort on funding footprint
expansion - Motilal Oswal
    ** Persistent demand pressures, and increased competition
may pose risk, brokerage adds
    ** Reiterates "neutral" rating with PT of 800 rupees
    ** Avg rating of eight brokerages equivalent of 'buy;'
median PT is 800.00 rupees - Refinitiv data
    ** About 34,620 shares change hands as of 1:58 p.m. IST
    ** Including session's gains, stock up ~12.8% YTD
    

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))