Baazar Style Retail share price advanced nearly 10 percent in September 30 trade after the company announced opening of two new stores. The stock touched an intraday high of Rs 385 per share on the NSE, rising 9.69 percent from its previous close. Baazar Style Retail stock gained after three days of consecutive fall.
The company's announcement to open two new stores at Ramrajatala, West Bengal and another at Metro Cinema Hall in Kolkata, West Bengal led to the sharp uptrend in the share price of the company. With this, the total number of stores as on date stands at 184, the company said.
Rekha Rakesh Jhunjhunwala-backed Baazar Style Retail Ltd made a flat debut on Dalal Street this September, with its shares listing at Rs 389 on both NSE and BSE.
Baazar Style Retail is a key player in the value retail sector, with a strong presence in West Bengal and Odisha. The company also has significant operations in Assam, Bihar, Jharkhand, Andhra Pradesh, Tripura, Uttar Pradesh, and Chhattisgarh.
On September 25, the company reported a standalone loss of Rs 39 lakh for the quarter ended June 30, 2024, compared to a profit of Rs 5.5 crore in the same period last year. However, the loss has reduced from Rs 6.5 crore in the March quarter. Meanwhile, standalone revenue from operations grew 21 percent to Rs 276 crore in Q1FY25, up from Rs 228 crore in Q1FY24.
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