Shoppers Stop rose 1.96% to Rs 385 at 10:45 IST on BSE after a bulk deal of 4.48 lakh shares was executed on the counter at Rs 377.60 per share in opening trade on BSE today, 21 February 2014.
The bulk deal constitutes 0.53% of Shoppers Stop's equity.
Meanwhile, the S&P BSE Sensex was up 187.68 points or 0.91% at 20,724.32
Bulk deal boosted volume on the Shoppers Stop scrip. On BSE, so far 4.50 lakh shares were traded in the counter as against average daily volume of 25,451 shares in the past one quarter.
The stock hit a high of Rs 388.80 and a low of Rs 377 so far during the day. The stock hit a 52-week high of Rs 453.90 on 22 February 2013. The stock hit a 52-week low of Rs 317.70 on 28 October 2013.
The stock had underperformed the market over the past one month till 20 February 2014, falling 3.25% compared with the Sensex's 3.15% fall. The scrip, however, outperformed the market in past one quarter, rising 11.09% as against Sensex's 0.48% decline.
The mid-cap company has an equity capital of Rs 41.59 crore. Face value per share is Rs 5.
Shoppers Stop's net profit rose 1.4% to Rs 17.34 crore on 17.8% growth in net sales to Rs 702.60 crore in Q3 December 2013 over Q3 December 2012.
Shoppers Stop runs department stores that sell apparel, cosmetics and fashion accessories.
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