Shoppers Stop narrowed its Q1 loss to ₹15.74 crore as revenue rose 8.6% to ₹1,161 crore and margins improved to 14.7%. Analysts see recovery signs, with bullish breakout above ₹540 confirmed. Next resistance lies at ₹620-660, with potential for ₹900 if momentum sustains. Analysts cite retail sentiment, festive demand, and expansion plans as key positives.