Future Retail trades higher on the bourses

22 Jan 2018 Evaluate

Future Retail is currently trading at Rs. 539.70, up by 9.10 points or 1.72% from its previous closing of Rs. 530.60 on the BSE.

The scrip opened at Rs. 530.65 and has touched a high and low of Rs. 543.90 and Rs. 530.50 respectively. So far 18512 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 639.54 on 27-Nov-2017 and a 52 week low of Rs. 159.64 on 23-Jan-2017.

Last one week high and low of the scrip stood at Rs. 580.00 and Rs. 517.40 respectively. The current market cap of the company is Rs. 27023.83 crore.

The promoters holding in the company stood at 46.56%, while Institutions and Non-Institutions held 22.10% and 31.34% respectively.

Future Retail will fully acquire Travel News Services India (TNSI) in a Rs 100 crore deal. This step will help the company to consolidation further its retail business. Through this deal, Future Retail will have access to global retail brand ‘WH Smith’ as its license is being held by TNSI.

The acquisition will help the company to further expand its presence at airports, metro stations and universities where the majority of retail outlets of TNSI and TNSI Retail are operating.

Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.

Future Retail Share Price

2.41 0.00 (0.00%)
01-Aug-2024 16:01 View Price Chart
Peers
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