Future Retail gains on incorporating JV to operate ‘fbb’ brand fashion outlets

04 May 2018 Evaluate

Future Retail is currently trading at Rs. 586.60, up by 2.25 points or 0.43% from its previous closing of Rs. 584.10 on the BSE.

The scrip opened at Rs. 584.25 and has touched a high and low of Rs. 589.45 and Rs. 576.00 respectively. So far 5518 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. 273.74 on 19-May-2017.

Last one week high and low of the scrip stood at Rs. 638.95 and Rs. 561.80 respectively. The current market cap of the company is Rs. 29164.76 crore.

The promoters holding in the company stood at 46.56 %, while Institutions and Non-Institutions held 22.76 % and 30.68 % respectively.

Future Retail has incorporated joint venture (JV) company with name of ‘Future Retail LLC’ on May 01, 2018 in order to undertake business to operate ‘fbb’ brand fashion outlets as per the terms and conditions agreed under the Shareholders Agreement executed with Khimji Ramdas LLC a leading business conglomerate in Oman, for formation of new joint venture company.

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
Company Name CMP
Avenue Supermarts 3441.40
Aditya Birla Fashion 283.80
Trent 6904.70
Vishal Mega Mart 98.77
Electronics Mart Ind 170.50
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