Rekha Jhunjhunwala-backed Baazar Style Retail plunges 11% from day’s high even as Q2 revenue jumps 71% YoY

Baazar Style Retail slipped 11% from the day’s high despite reporting a 71% YoY jump in Q2 revenue to Rs 532 crore. The stock initially reacted positively to the updates, surging nearly 4% but saw a sharp drop as the day progressed. The Kolkata-based value fashion retailer added 20 new stores in the quarter, driving strong sales momentum and double-digit Same Store Sales Growth.