Shoppers Stop Stock Reaches 52-Week High, Up 8% Intraday, Reports Rs. 22.79 Cr Net Profit: Buy?

Shoppers Stop Ltd. is a mid-cap retail chain, which has a significant market share in the segment in India. Its share price has reached a fresh 52-week high today, after the publication of a healthy financial result, check details below.

Stock to Buy: NSE performance

The current market price of Shoppers Stop Ltd. stood at Rs. 585.75/share on NSE, gaining by 8.18%, till last traded. In the last 5 days, the share price of this company has surged by 8.51% on NSE, and in the last 1 month, its share price has surged by 25.04%. In the past 6 months, its stock price has surged by 54.59%. In the last 1 year its stock price gained by 139.33%, and in the last 5 years its stock price gained by 78.78%.

The 52-week high level of this stock is Rs. 605, and the 52-week low level of this stock is Rs. 225.50.

Market capitalization	Current market price	5 days performance	1 Month performance
Rs. 6,350 crore	Rs. 585.75	8.51%	25.04%

Shoppers Stop Ltd: financial performance

Shoppers Stop Ltd.'s has reported a net profit of Rs. 22.79 crore in Q1FY23, than a net loss of Rs. 118 crore in Q1FY22, because of improved consumer sentiments. Its revenue for operations has increased by 368% YoY to Rs. 942 crore in Q1, on a low base. Commenting on the result, Venu Nair, MD, CEO at Shoppers Stop, "This, coupled with the upcoming festive season, is likely to release a significant pent-up demand and further aid the Company's revenue growth."

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