Shoppers Stop Ltd has closed its HomeStop store located at Vashi, Navi Mumbai due to lower than expected business and its low profitability.
The sales from this store for the last financial year 2018-19 was Rs.8.9 Crores constituting 0.2% of the turnover of the Company as on March 31, 2019.
With the closure of this store, the Company has now 11 'HomeStop' stores under its operations.
Shares of SHOPPERS STOP LTD. was last trading in BSE at Rs.354.75 as compared to the previous close of Rs. 348.5. The total number of shares traded during the day was 62 in over 22 trades.
The stock hit an intraday high of Rs. 356.9 and intraday low of 346.75. The net turnover during the day was Rs. 21781.