Motilal Oswal Maintains Neutral Rating on Shoppers Stop, Sets Rs 410 Target
Motilal Oswal said Shoppers Stop’s 2QFY27 pre-Ind AS EBITDA rose 56% year over year to INR430 million, with margins increasing to 3.0%. PAT turned positive at INR31 million, compared with a loss of INR201 million.