Future Enterprises hits 52-week high on recent rally

Future Enterprises jumped 5.08% to Rs 43.45 at 12:22 IST on BSE, with the stock extending recent strong gains.

Meanwhile, the S&P BSE Sensex was up 195.38 points, or 0.62% at 31,487.23. The S&P BSE Small-Cap index was up 156.34 points, or 1.02% at 15,544.96.

High volumes were witnessed on the counter. On the BSE, 4.57 lakh shares were traded on the counter so far as against the average daily volumes of 2.18 lakh shares in the past one quarter. The stock had hit a high of Rs 44 so far during the day, which is also its 52-week high. The stock hit a low of Rs 41.65 so far during the day. The stock had hit a 52-week low of Rs 14.20 on 9 November 2016.

The stock had outperformed the market over the past one month till 22 August 2017, advancing 6.71% compared with the Sensex's 2.3% fall. The scrip had also outperformed the market over the past one quarter gaining 39.23% as against the Sensex's 2.36% rise. The scrip had also outperformed the market over the past one year advancing 98.8% as against the Sensex's 11.81% rise.

The small-cap company has equity capital of Rs 86.69 crore. Face value per share is Rs 2.

Shares of Future Enterprises rose 21.71% in seven trading sessions to its current market price of Rs 43.45, from a close of Rs 35.70 on 11 August 2017.

Future Enterprises reported net loss of Rs 45.46 crore in Q1 June 2017, compared with net profit of Rs 315.48 crore in Q1 June 2016. Net sales rose 13% to Rs 1,041.38 crore in Q1 June 2017 over Q1 June 2016.

Future Enterprises is engaged in the business of multi brand retail trading.

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