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Shoppers Stop drops after reverse turnaround in Q4

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Capital Market
Last Updated : May 09 2017 | 12:01 AM IST

Shoppers Stop lost 3.07% to Rs 364.90 at 09:49 IST on BSE after the company reported net loss of Rs 36.07 crore in Q4 March 2017, compared with net profit of Rs 10.06 crore in Q4 March 2016.

The result was announced after market hours on Friday, 5 May 2017.

Meanwhile, the S&P BSE Sensex was up 85.29 points or 0.29% at 29,944.09. The S&P BSE Mid-Cap index was up 96.18 points, or 0.65%, to 14,814.66.

On BSE, so far 998 shares were traded in the counter as against average daily volume of 1.42 lakh shares in the past one quarter. The stock hit a high of Rs 372 and a low of Rs 355.50 so far during the day. The stock hit a 52-week high of Rs 406 on 7 September 2016. The stock hit a 52-week low of Rs 265 on 28 December 2016.

The stock had outperformed the market over the past 30 days till 5 May 2017, rising 3.41% compared with 0.23% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 28.37% as against Sensex's 5.73% rise.

The mid-cap company has an equity capital of Rs 41.75 crore. Face value per share is Rs 5.

Shoppers Stop's total income rose 2.96% to Rs 916.06 crore in Q4 March 2017 over Q4 March 2016.

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Shoppers Stop runs department stores that sell apparel, cosmetics and fashion accessories.

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First Published: May 08 2017 | 10:06 AM IST

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