Multibagger alert: This department store company tripled investors’ wealth in just two years!
The returns delivered by the company are 2.89 times the returns delivered by the S&P BSE SmallCap index, of which the company is a part.
Shopper’s Stop Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price has jumped from Rs 154.93 on 11 August 2020 to Rs 602.25 on 08 August 2022, an increase of 289% in the two-year holding period. An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 3.89 lakh today.
These returns are 2.89 times the returns delivered by the S&P BSE SmallCap index, of which the company is a part. In the last two years, the index has climbed from the level of 13,837.26 on 11 August 2020 to 27,682.44 on 08 August 2022, signifying a rally of 100% in the two-year period.
Established in 1991, Shopper’s Stop Ltd is an Indian department store chain, owned by the K Raheja Corp. Headquartered in Mumbai, the company is headed by Venu Nair, who took over as the CEO and MD in November 2020.
Last week, the company reported its results for the quarter ended June 2022. On a consolidated basis, the company has reported a net profit of Rs 22.83 crore in Q1FY23 as against a net loss of Rs 104.89 crore for the same quarter in the previous year. The topline increased to over 3-fold at Rs 954.00 crore for Q1FY23 as compared to Rs 269.50 crore for the corresponding quarter of the previous year.
Today, the scrip opened at Rs 605.35 and has touched a high and low of Rs 612.45 and Rs 602.10, respectively. So far 6,131 shares have been traded on the bourses.
At 12.12 pm, the shares of Shopper’s Stop Ltd were trading at Rs 605.90, an increase of 0.54% from the previous closing price of Rs 602.25 on BSE. The stock has a 52-week high & low of Rs 629.70 and Rs 225.75, respectively on BSE.
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