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Shoppers Stop plans price hike for private labels
Shoppers Stop plans to hike prices of private labels by 10–12% from the beginning of July
2011. Given that private labels contributed approximately 19% to the company’s total
sales in FY2011, we do not expect any huge impact on PAT. Hence, we maintain our
estimates. At the CMP of `399, the stock is trading at 36x
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Shoppers Stop plans price hike for private labels
Shoppers Stop plans to hike prices of private labels by 10–12% from the beginning of July
2011. Given that private labels contributed approximately 19% to the company’s total
sales in FY2011, we do not expect any huge impact on PAT. Hence, we maintain our
estimates. At the CMP of `399, the stock is trading at 36x
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