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.

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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.