Shoppers Stop falls 1% as Q3 profit drops

Retail major, Shoppers Stop fell on Wednesday after reporting an decrease of 11.36% in net profit for the quarter ended December 2012. During the quarter, the net profit the company fell to Rs 170.98 million as compared to Rs 192.9 million in the same period last year.

Total income during the quarter grew 20.71% to Rs 6.04 billion, when compared to Rs 5.01 billion with the same period last year. Shares ofthe companyare trading at Rs 420.85, down Rs 3.9, or 0.92% at the Bombay Stock Exchange (BSE) on Wednesday at 10:21 a.m.The scrip has touched an intra-day high of Rs 424.35 and low of Rs 417. The total volume of shares traded at the BSE is 1,087.In the earlier session, the shares lost 1.78%, or Rs 7.7, at Rs 424.75. Currently, the stock is trading down 14.81% from its 52-week high of Rs 494.00 and above 48.58% over the 52-week low of Rs 283.25.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 435.30 (10.55) (2.42) 1 Month 465.15 (40.40) (8.69) 3 Months 421.55 3.20 0.76 6 Months 350.85 73.90 21.06 1 Year 292.65 132.10 45.14 Note: Based on previous day closing price.