Shoppers Stop surged 4.62% to Rs 345 at 14:14 IST on BSE after a block deal of 4.5 lakh shares was executed in the counter on BSE at Rs 331.05 per share at 10:30 IST.
The block deal constitutes 0.54% of Shoppers Stop's equity.
Meanwhile, the S&P BSE Sensex was up 75.16 points or 0.36% at 20,867.09.
On BSE, 5.58 lakh shares were traded in the counter as against average daily volume of 39,839 shares in the past one quarter.
The stock was volatile. The stock rose as much as 5.29% at the day's high of Rs 347.20 so far during the day. The stock lost as much as 1.13% at the day's low of Rs 326 so far during the day.
The stock had underperformed the market over the past one month till 29 November 2013, declining 2.44% compared with the Sensex's 0.65% fall. The scrip had also underperformed the market in past one quarter, sliding 5.79% as against Sensex's 12.99% rise.
Shoppers Stop's net profit surged 55.2% to Rs 9.92 crore on 25.3% growth in net sales to Rs 718.06 crore in Q2 September 2013 over Q2 September 2012.
Shoppers Stop runs department stores that sell apparel, cosmetics and fashion accessories.
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