Shoppers Stop is currently trading at Rs. 362.00, up by 10.05 points or 2.86% from its previous closing of Rs. 351.95 on the BSE.
The scrip opened at Rs. 355.00 and has touched a high and low of Rs. 362.00 and Rs. 351.90 respectively. So far 785 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 623.50 on 20-Oct-2014 and a 52 week low of Rs. 330.30 on 28-Apr-2015.
Last one week high and low of the scrip stood at Rs. 404.75 and Rs. 343.00 respectively. The current market cap of the company is Rs. 2960.22 crore.
The promoters holding in the company stood at 67.21% while Institutions and Non-Institutions held 17.71% and 15.08% respectively.
Shoppers Stop is planning to invest Rs 50 crore in its e-commerce business in the next two years, expecting the new channel to generate 10 per cent of its annual turnover. With 72 stores across 34 cities, the company reported an annual turnover of Rs 3,370 crore last fiscal. Its net profit rose 10 per cent to Rs 40.7 crore.
Recently, the company has appointed a new CEO, Sachin Oswal (Co-Founder and former chief operating officer of Infibeam), to head its online business, apart from implementing the hybris operated software from SAP to give fresh impetus its e-tailing.
Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.
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