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Shoppers Stop gains on earmarking Rs 60 crore investment to strengthen technology

26 Jun 2015 Evaluate

Shoppers Stop is currently trading at Rs. 395.00, up by 1.40 points or 0.36% from its previous closing of Rs. 393.60 on the BSE.

The scrip opened at Rs. 393.00 and has touched a high and low of Rs. 395.00 and Rs. 390.00 respectively. So far 201 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. 406.00 and Rs. 378.00 respectively. The current market cap of the company is Rs. 3252.07 crore.

The promoters holding in the company stood at 67.21%, while Institutions and Non-Institutions held 17.71% and 15.08% respectively.

In a bid to strengthen its technology, Shoppers Stop has earmarked an investment of Rs 60 crore over the next three years. The company will implement its omni-channel strategy in three phases.

In the first phase, the company will focus on its departmental store format, Shoppers Stop, and will strengthen the online presence, offering better navigation and superior assortment, by the end of December. The second phase is expected to start by January next year focusing on the company's other formats HomeStop, Crossword and HyperCIty.

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.

 

Shoppers Stop Share Price

299.40 6.40 (2.18%)
17-Apr-2026 16:59 View Price Chart
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