Shoppers Stop shares deliver almost no returns in 10 years; Experts decode the road ahead | Can the stock turn around?
ICICI Bank secured new business.
· LiveMint Markets
Shoppers Stop has delivered weak long-term returns despite revenue growth, as losses, rising costs and fierce competition pressure profitability. ICICI Securities maintains a Hold rating and cut its target price to ₹350.
The analysis
ICICI Bank reported ₹350. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +1.0% on the day at ₹1,398.50, and has returned -5.3% over three months. It sits 4% below its 52-week high. The banks sector has moved -6.0% over the same period, so ICICI Bank is running 0.7 points ahead of its peers.
For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is ICICIBANK.
- Sector exposure: Banks.
- The immediate tone of coverage reads negative.
In this story
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