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    Buy Shoppers Stop, target price Rs 850: ICICI Securities

    Synopsis

    Shoppers Stop, incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 7193.37 Crore) operating in Retail sector.

    Shoppers StopAgencies
    The brokerage broadly maintains its EPS estimates for FY23E-FY24E.
    ICICI Securities has buy call on Shoppers Stop with a target price of Rs 850. The current market price of Shoppers Stop is Rs 655.75 .

    Shoppers Stop, incorporated in the year 1997, is a Mid Cap company (having a market cap of Rs 7193.37 Crore) operating in Retail sector.

    Shoppers Stop key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 1161.44 Crore, up 14.24 % from last quarter Total Income of Rs 1016.63 Crore and up 19.41 % from last year same quarter Total Income of Rs 972.65 Crore. Company has reported net profit after tax of Rs 62.74 Crore in latest quarter.

    The company’s top management includes Mr.B S Nagesh, Mr.Arun Sirdeshmukh, Mr.Robert Bready, Mr.Manish Chokhani, Mr.Nirvik Singh, Mr.Deepak Ghaisas, Mr.Ravi C Raheja, Mr.Neel C Raheja, Mr.Venu Nair, Ms.Christine Kasoulis. Company has SRBC & Co LLP as its auditors. As on 31-12-2022, the company has a total of 11 Crore shares outstanding.

    Investment Rationale The brokerage broadly maintains its EPS estimates for FY23E-FY24E. Further, it models revenue, EBITDA and PAT CAGRs of 7%, 10% and 20% respectively,over FY19-FY24E.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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