downtrend in shopper's stop stops and uptrend my commenceShopper Stop Ltd. is engaged in the business of retailing a variety of household and consumer products through departmental stores and it provides retail range of branded and own label apparel, footwear, perfumes, cosmetics, jewellery, leather products and accessories, home products, books, music and toys, operates in the cities of Mumbai, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Pune, Jaipur and Gurgaon. Shopper Stop Ltd CMP is 703.
The Negative aspects of the company are High Valuation (P.E. = 82), FIIs are decreasing stake, High promoter pledge. The company's Positive aspects are Low debt, MFs are increasing stake, improving annual net profit, improving cash from operations annual, Promoter holding increasing.
Entry can be taken after closing above 710. Targets in the stock will be 737 and 756. The long-term target in the stock will be 786 and 814. Stop loss in the stock should be maintained at Closing below 657.
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