Shoppers Stop shares had surged 6 per cent and hit a fresh 52-week high of Rs 460 on the BSE in Thursday’s intra-day trade. The stock extended its rally into the fourth day, having zoomed 14 per cent during the period after its promoters hiked stake in the company via the open market. Moreover, the stock has rallied 27 per cent in the past six trading days. In comparison, the S&P BSE Sensex was down 0.46 per cent at 57,422 points at 01:48 PM.

• Raymond Jumps 4% on Ex-BEL Chief’s Defence Appointment
• Supriya Lifescience Falls 12% on NDPS Act Proceedings
• Radico Hits Record High as Magic Moments Sales Soar 43%
• GK Energy Rallies on Rs 235.92 Crore Solar Pump Order
• Cupid Hits Fresh 52-Week High on Rs 128 Crore Block Deal

On Monday, March 21, 2022, Shoppers Stop promoter group companies – Raghukool Estate Development LLP, Casa Maria Properties LLP, Palm Shelter Estate Development LLP and Capstan Trading LLP – collectively purchased 74,000 equity shares worth Rs 3 crore of the company from the open market. The names of the sellers could not be ascertained immediately.