09 Dec , 2021 By : monika singh
ICICI Direct has buy call on
Shoppers Stop
NSE 1.34 % with a target price of Rs 425. The current market price of Shoppers Stop Ltd. is Rs 360.5. Time period given by analyst is 3 months when Shoppers Stop Ltd. price can reach defined target.
Shoppers Stop Ltd., incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 3955.92 Crore) operating in Retail sector.
Shoppers Stop Ltd. key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2020.
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 709.63 Crore, up 163.31 % from last quarter Total Income of Rs 269.50 Crore and up 96.86 % from last year same quarter Total Income of Rs 360.47 Crore. Company reported net profit after tax of Rs -3.58 Crore in latest quarter.
Investment Rationale
Structurally, the stock has formed a higher high-low (on the yearly chart) after three years corrective move, indicating conclusion of corrective phase that bodes well for acceleration of upward momentum
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