Shoppers Stop Hits New 52-Week Low Amid Continued Stock Decline

Dec 26 2024 11:05 AM IST
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Shoppers Stop has recently undergone a revision in its score, reflecting ongoing challenges in the retail sector. The stock has reached a new 52-week low and has been added to MarketsMojo's list, indicating a significant shift in market sentiment. Its performance metrics show a notable decline compared to the broader market.
Shoppers Stop, a midcap player in the retailing sector, has recently reached a new 52-week low, with its stock price hitting Rs. 593 on December 26, 2024. This decline marks a significant downturn for the company, which has experienced a consecutive fall over the past four days, resulting in an overall decrease of 8.23% during this period.

On the day of the new low, Shoppers Stop underperformed its sector by 2.2%, reflecting broader challenges within the retail market. The stock also recorded an intraday low of Rs. 593, down 2.9% from the previous close.

In terms of moving averages, Shoppers Stop is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained period of underperformance. Over the past year, the company's stock has declined by 14.63%, contrasting sharply with the Sensex, which has seen a positive performance of 9.99%. This disparity highlights the challenges faced by Shoppers Stop in the competitive retail landscape.
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