India's Shoppers Stop set to extend losses after Q2 loss

Shoppers Stop

23/10/2024 05:31

** Shares of Shoppers Stop  SHOP.NS  fell 4.8% to 682.7
rupees, their lowest since Dec. 21, 2023; last down 1%
    ** SHOP set to extend losing run to ninth straight session,
if losses hold
    ** Department store chain posts loss for second straight
quarter on sluggish demand
    ** SHOP sees busiest day since Oct. 4, with over 58,000
shares traded
    ** Analysts' avg rating on stock is "Hold" vs "Buy" on peer
Trent Ltd  TREN.NS  
    ** Their median PT for SHOP is 811 rupees - LSEG
    ** SHOP is flat YTD vs 145% surge in TREN

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))