Future Consumer drops on profit booking

Future Consumer lost 1.12% to Rs 66.10 at 10:53 IST on BSE, with the stock sliding on profit booking after recent strong rally.

Meanwhile, the S&P BSE Sensex was up 164.59 points or 0.52% at 32,046.75.

On the BSE, 12.96 lakh shares were traded on the counter so far as against the average daily volumes of 18.15 lakh shares in the past one quarter. The stock had hit a high of Rs 67.95 and a low of Rs 63.70 so far during the day. The stock had hit a record high of Rs 69.80 yesterday, 11 September 2017 and a 52-week low of Rs 18.10 on 9 November 2016.

The stock had outperformed the market over the past one month till 11 September 2017, advancing 73.19% compared with the Sensex's 2.14% rise. The stock had also outperformed the market over the past one quarter, gaining 107.29% as against the Sensex's 1.98% rise. The scrip had also outperformed the market over the past one year, advancing 227.7% as against the Sensex's 10.71% rise.

The large-cap company has equity capital of Rs 1015.78 crore. Face value per share is Rs 6.

Shares of Future Consumer had rallied 36.7% in the preceding five trading sessions to settle at Rs 66.85 yesterday, 11 September 2017, from its close of Rs 48.90 on 4 September 2017.

On a consolidated basis, Future Consumer reported net loss of Rs 8.85 crore in Q1 June 2017, lower than net loss of Rs 20.73 crore in Q1 June 2016. Net sales rose 41.8% to Rs 662.26 crore in Q1 June 2017 over Q1 June 2016.

Future Consumer is India's first sourcing-to-supermarket food company by Future Group.

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