Shoppers Stop trades higher on offloading further 19.50% stake in Crossword Bookstores
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Shoppers Stop is currently trading at Rs. 462.50, up by 3.00 points or 0.65% from its previous closing of Rs. 459.50 on the BSE.
The scrip opened at Rs. 456.65 and has touched a high and low of Rs. 467.70 and Rs. 456.65 respectively. So far 10818 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 487.95 on 07-Apr-2022 and a 52 week low of Rs. 180.00 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 487.95 and Rs. 453.70 respectively. The current market cap of the company is Rs. 5076.43 crore.
The promoters holding in the company stood at 65.51%, while Institutions and Non-Institutions held 26.09% and 8.40% respectively.
Shoppers Stop has completed the further sale of 19.50% of stake in Crossword Bookstores. Accordingly, the company's equity stake in Crossword stands reduced to 29.50%. Earlier, the company had sold 51% stake in Crossword.
Shoppers Stop is engaged in the retailing business. It runs a chain of departmental stores with brands including Shopper’s Stop, Home Stop, Crossword, Cafes and Restaurants etc.
