Shoppers Stop surges 20% on strong operational performance in Q2

The company said it witnessed a strong recovery in demand after the second wave across the formats, with sales moving swiftly close to pre-pandemic levels in August and September

Shares of Shoppers Stop surged 20 per cent to hit a fresh 52-week high of Rs 335.85 on the BSE in Thursday’s intra-day trade after the company reported a strong operational performance in the July-September quarter (Q2FY22).

In the past one month, the stock has outperformed the market as it rallied 38 per cent, as compared to a 3.6 per cent rise in the S&P BSE Sensex. At 10:36 am, it was trading 16 per cent higher at Rs 326, against a 0.36 per cent decline in the benchmark index. The trading volumes on the counter jumped over five-fold, with a