SGX Nifty Hints At Opening Gains; Shoppers Stop, ACC, Jubilant

Shoppers Stop Ltd. is higher for the fifth straight day, extending the longest winning streak since the period ended August 26, 2020.

Shoppers Stop has gained a total of 4.8% during the streak while the Sensex increased 1.7%.

Of the 14 analysts tracking the company, nine maintained ‘buy’, four maintained ‘hold’ and one maintained ‘sell’ recommendations. The company was raised to ‘add’ from ‘reduce’ by IIFL with the price target increased to Rs 320 from Rs 235 earlier, with an implied return of 12.58%.

The overall consensus price of analysts tracked by Bloomberg implied an upside of 1.8%. Trading volume was 2.4 times the 30-day moving average, for this time of the day.