Future Enterprises drops as Arisaig India Fund offloads shares

Future Enterprises lost 2.39% to Rs 16.35 at 11:46 IST on BSE as Arisaig India Fund sold 27.41 lakh shares of the company at an average price of Rs 16.95 per share in a bulk deal on the NSE yesterday, 1 November 2016.

Meanwhile, the S&P BSE Sensex was down 284.75 points or 1.02% at 27,591.86.

On BSE, so far 2.16 lakh shares were traded in the counter as against average daily volume of 3.07 lakh shares in the past one quarter. The stock hit a high of Rs 16.80 and a low of Rs 16.25 so far during the day. The stock had hit a 52-week low of Rs 14.90 on 11 February 2016. The stock had hit a 52-week high of Rs 28.55 on 26 May 2016. The stock had outperformed the market over the past one month till 1 November 2016, advancing 3.72% compared with 0.04% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, sliding 22.45% as against Sensex's 0.45% fall.

The small-cap company has equity capital of Rs 86.39 crore. Face value per share is Rs 2.

Future Enterprises' net profit jumped 615.4% to Rs 315.48 crore on 67.6% decline in net sales to Rs 921.19 crore in Q1 June 2016 over Q1 June 2015.

Future Enterprises, formerly Future Retail, and is into retail infrastructure after demerging retail business into Bharti Retail.

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