Shoppers Stop gains after opening Bobbi Brown store at Delhi

Shoppers Stop rose 0.94% to Rs 508 at 15:25 IST on BSE after the company said it has opened Bobbi Brown store at Vasant Kunj, Ambience Mall, Delhi.

The company made the announcement during market hours today, 8 December 2014.

Meanwhile, the BSE Sensex was down 266.48 points, or 0.94%, to 28,191.62.

On BSE, so far 1,589 shares were traded in the counter, compared with an average volume of 16,420 shares in the past one quarter.

The stock hit a high of Rs 517 and a low of Rs 502.70 so far during the day. The stock hit a record high of Rs 623.50 on 20 October 2014. The stock hit a 52-week low of Rs 336 on 5 December 2013.

The stock had underperformed the market over the past one month till 5 December 2014, rising 1.73% compared with 1.94% rise in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 4.69% as against Sensex's 5.3% rise.

The mid-cap retail firm has an equity capital of Rs 41.66 crore. Face value per share is Rs 5.

With the opening of this store, Shoppers Stop has now 3 "Bobbi Brown" stores under its operations, company said in a statement.

Shoppers Stop's net profit rose 60.4% to Rs 15.91 crore on 17.9% rise in total income to Rs 856.27 crore in Q2 September 2014 over Q2 September 2013.

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