Shoppers Stop Ltd (NSE: SHOPERSTOP) Share: Shoppers Stop’s share witnessed a dramatic rise of as high as 10 percent on September 11.
The share is trading at Rs 888.60 and has a gain that is 8.94 percent on BSE. The stock is also trading at a high the stock reached its record high of Rs 934.40 this morning during the intraday trading.
Back in August, Shoppers Stop announced a strategic partnership together with Hollywood make-up company Max Factor.
Today’s price rise means that the company’s market capitalization has risen to around Rs 9,756 crore. The low 52 weeks of the stock is 623 rupees.
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Shoppers Stop And Max Factor Join Hands
Max Factor announced its entry into the brick-and-mortar retail industry in India by forming a strategic partnership with House of Beauty and Shoppers Stop.
The partnership of House of Beauty and Shoppers Stop is an important milestone that leverages Shoppers Stop’s vast customer base and retail infrastructure the retail company stated in a stock exchange filing.
House of Beauty is an established company that specializes in beauty products located in India providing world-renowned and famous beauty brands to the contemporary Indian consumer.
Max Factor will expand its presence in India to include 70 Shoppers Stop stores before the end of the year. This will provide greater accessibility across major cities like Delhi, Bengaluru, Mumbai, and Chennai.
Shoppers Stop Shares Rise 16 Percent In A Month
The share of Shoppers Stop has increased 16 percent over the past month. The share of the company has increased 31 percent to date this year.
The stock has earned an increase of 25 percent over the last year. However, its investors have received an average return of 132 percent during the last five years.
Quick Fact
| Company name | Shoppers Stop |
|---|---|
| Today’s rise | 10% |
| Today’s gain | 8.94% |
| Share Trading | ₹888.60 |
| Market cap | ₹9,756 crore |
| 52-weeks Low | ₹623 |
| Partnership | Max Factor |
| Strategic Partner | House of Beauty |
| Max Factor stores | 70 Shoppers Stop stores by year-end |
| Cities covered | Delhi, Bengaluru, Mumbai, Chennai |
| 1-month rise | 1-year rise |
| Year-to-date rise | 31% |
| 1-year rise | 25% |
| 5-year return | 132% |
| Possible target price | ₹934.40 |
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