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Shoppers Stop soars after IDFC Mutual Fund acquires one million shares

29 Nov 2013 Evaluate

Shoppers Stop is currently trading at Rs. 339.50, up by 18.00 points or 5.60% from its previous closing of Rs. 321.50 on the BSE.

The scrip opened at Rs. 322.00 and has touched a high and low of Rs. 365.05 and Rs. 321.25 respectively. So far 484447 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 494.00 on 05-Dec-2012 and a 52 week low of Rs. 317.70 on 28-Oct-2013.

Last one week high and low of the scrip stood at Rs. 365.05 and Rs. 320.60 respectively. The current market cap of the company is Rs. 2865.58 crore.

The promoters holding in the company stood at 67.45% while Institutions and Non-Institutions held 21.05% and 11.50% respectively.

IDFC Mutual Fund has acquired around one million shares of leading retail chain, Shoppers Stop for Rs 32 crore through open market. IDFC Mutual Fund A/C IDFC Premier Equity Fund has bought 9,99,756 shares of the company at Rs 321.25 via bulk deal on the NSE. However, Eastspring Investments India Equity Open has offloaded 7,58,831 shares of Shoppers Stop at Rs 321.25.

As on September 30, 2013, the promoters holding in the company stood at 67.45%, while institutions and non-institutions held 21.05% and 11.50% stake in the company, respectively.

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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