- Bazaar Style shares hit an 18-month high amid West Bengal election vote counting
- BJP+ leads with over 170 seats, gaining 95 seats since 2021 election
- TMC+ falls to 119 seats, losing 91 seats compared to previous election
As vote counting continues for West Bengal Assembly Elections 2026, Bazaar Style, which has significant presence in the state is trading higher after the opening bell on Monday and hit an 18-month high.
According to the latest figures from NDTV, the BJP+ has exceeded the threshold of 148 required for a majority in West Bengal, currently holding sway over 170 seats, which marks an incredible increase of 95 seats compared to the 2021 figures.
On the other hand, the TMC+ has witnessed a marked downturn, falling to 119 seats, reflecting a decrease of 91 seats from its earlier count.
ALSO READ: Coal India To Britannia: West Bengal-Linked Stocks Trade Higher Amid State Election Results
The fashion retailer has a massive presence in West Bengal and operates over 250 stores across Eastern India. The retailer could be a big beneficiary of the this likely poll outcome in the state as one of BJP's key pledges is to include a monthly Rs 3,000 direct benefit transfer for women and unemployed youth and the 7th Pay Commission for the state employees.
Baazar Style Share Price
The scrip rose as much as 9.13% to Rs 424.15 apiece on Monday, highest level since Oct. 3, 2024. It pared gains to trade 6.27% higher at Rs 413.06 apiece, as of 12:38 p.m. This compares to a 0.51% advance in the NSE Nifty 50 Index
It has risen 34.68% in the last 12 months and 50.89% year-to-date. Total traded volume so far in the day stood at 2.38 times its 30-day average. The relative strength index was at 73.29.
All four analysts tracking the company maintain a 'buy' rating according to Bloomberg data. The average 12-month consensus price target stands at Rs 412.35 indicating an upside of 8%.
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