Shoppers Stop shares surge 15 percent ahead of Q2 financial results

Shoppers Stop shares surged up to 15% on Thursday, reaching an intraday high of ₹430.95 on the BSE amid positive market sentiment ahead of its quarterly earnings.

The company's board of directors is scheduled to meet on Friday to consider and approve standalone and consolidated financial results for the quarter ended September 30.

HDFC Securities has projected a 7% year-on-year revenue growth to ₹1,260 crore for the retailer, alongside an expected pre-Ind AS EBITDA margin of 2%.