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Espresso shot of the day – Shoppers Stop Ltd up by 8.04 percent)

Espresso shot of the day – Shoppers Stop Ltd up by 8.04 percent

March 03, 2021

SHOPPERS STOP LTD 229.20 (+8.04%)  BSE – INE498B01024| 3RD MARCH 2021

Shoppers Stop Limited is home to a multitude of leading international and national brands for apparels, fragrances, accessories, cosmetics, footwear, home décor and furnishings catering to the needs of the entire family. They aspire to provide their customers a memorable international shopping experience. They are one of the largest chains of department stores across India. The foundation of Shoppers Stop Limited was laid on October 27, 1991, by the K. Raheja Corp. group of companies. Being amongst India's biggest hospitality and real estate players, the Group crossed yet another milestone with its lifestyle venture. K Raheja Corp is one of the leading developers and success story spanning over six decades. The company has made a significant impact on modern lifestyle by providing elegant residential, robust workplaces and world class hotels.

Recent Drivers

  • Shoppers Stop Limited has added 5 new stores until now in the current financial year.
  • Venugopal Nair, MD & CEO of Shoppers Stop Limited said, “We are looking to open 12 to 15 stores in the next 9 months.”
  • Shoppers Stop Limited reported consolidated net loss to Rs 25.11 crores for the third quarter ended December 31, 2020.
  • Total income of Shoppers Stop Limited declined 27.2 % to Rs 746.45 crores.
  • Shoppers Stop Limited cost-reduction efforts are on track. In this financial year, Shoppers Stop Limited has managed cost savings to the tune of about Rs 390 crores. For FY21, it intends to save Rs450 crores and out of this, Rs 200 crores worth cost savings are expected to be sustainable in FY22.
 (Sources: Times Now, The Economic Times, Livemint)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 4.82%
  • Spurt in volume by more than 21.54 times compares to previous vol. 3 months avg qty – 5,668,916
  • Stock price has jumped more than 70% from one year low level – 131.90 27 May 2020
  • Daily RSI (14) is in overbought territory , RSI central line crossed above central line 6 periods ago
  • 52 -week high – 364.03 | 52- week low- 124.39

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

702.43

574.52

387.18

259.27

71.93

-

-

-

Fibonacci Pivot

574.52

454.09

379.69

331.77

259.27

186.76

138.84

64.4

-


Today’s Close

232.95

SMA

BSE

10 DAY

210.46

20 DAY

209.09

50 DAY

205.94

200 DAY

183.60

Some Key Ratios (Source: BSE)

Market Cap: 2547.52 crores

PE:

OPM%: 31.36

ROE%: 644.50

Prev. Close: 10.23

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.