Shoppers Stop has target price of Rs 499: Thununguntla

Shoppers Stop has target price of Rs 499, says Jagannadham Thununguntla of SMC Global.

Thununguntla told CNBC-TV18, "Shoppers Stop has target price of Rs 499. On the back of the retail FDI clearance by the committee of secretaries should be positive news for the stock as well and the stock can reach Rs 560 levels in one year period and I am picking the share with a day target price of 499." Click HERE to know the rules and follow the score card