Shoppers Stop Surges 6% on Report to Sell Stake in HyperCity

By Religare
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    Shares of Shoppers Stop rallied over 6 per cent on the Bombay Stock Exchange after media report suggested that K Raheja Corp Group's retailing company may sell 51 per cent stake in HyperCity to Kishore Biyani's Future Retail for Rs 700 crore.

    Shoppers Stop Surges 6% on Report to Sell Stake in HyperCity
    Shoppers Stop: Quotes, News
    BSE 510.45BSE Quote2.15 (0.42%)
    NSE 513.70NSE Quote2.85 (0.55%)

    Riding high on media reports, shares of the company gained as much as 6.14 per cent to trade at intra-day high of Rs 525.00 apiece on the Bombay Stock Exchange.

    In a similar fashion, shares of the company were trading 4.92 per cent higher at Rs 516.95 apiece on the National Stock Exchange.

    Meanwhile, the broader benchmark BSE Sensex was trading at 31,653.15, down 18.56 points, or 0.06 per cent, at 10:30 hours.

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