Future Retail has soared nearly 19% to Rs 96 on back of heavy volumes after the company has reported a net profit of Rs 21.74 crore for the fourth quarter ended December 31, 2013 (Q4).The company had posted net loss of Rs. 20.41 crore in the same quarter last year.
Net sales of the company during the December 2013 quarter was Rs 2,276 crore against Rs 1,253 crore in the same period last fiscal.
The financial numbers are not comparable with December 2012 quarter due to amalgamation of Future Value Retail Ltd with the Future Retail, the company said in a statement.
The stock opened at Rs 82 and touched high of Rs 97.35 on the BSE. A combined 8.8 million shares changed hands on the counter till 1020 hours, as against an average sub 2 million shares that were traded daily in past two weeks on the BSE and NSE.
Net sales of the company during the December 2013 quarter was Rs 2,276 crore against Rs 1,253 crore in the same period last fiscal.
The financial numbers are not comparable with December 2012 quarter due to amalgamation of Future Value Retail Ltd with the Future Retail, the company said in a statement.
The stock opened at Rs 82 and touched high of Rs 97.35 on the BSE. A combined 8.8 million shares changed hands on the counter till 1020 hours, as against an average sub 2 million shares that were traded daily in past two weeks on the BSE and NSE.
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