Future Retail advances on stellar Q1 numbers

Future Retail advanced 3.99% to Rs 447.90 at 14:26 IST on BSE after net profit surged 109.56% to Rs 147.85 crore on 18.12% growth in total income to Rs 4707.44 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 8 August 2017.

Meanwhile, the S&P BSE Sensex was down 214.56 points or 0.66% at 32,059.11.

On the BSE, 3.54 lakh shares were traded on the counter so far as against the average daily volumes of 1.19 lakh shares in the past one quarter. The stock had hit a high of Rs 460 so far during the day, which is a record high. The stock hit a low of Rs 418.40 so far during the day. The stock had hit a record low of Rs 116.10 on 5 December 2016.

The stock had outperformed the market over the past one month till 7 August 2017, advancing 8.89% compared with the Sensex's 2.91% rise. The stock had also outperformed the market over the past one quarter, gaining 22.57% as against the Sensex's 8.09% rise.

The large-cap company has equity capital of Rs 94.39 crore. Face value per share is Rs 2.

Future Retail is primarily engaged in the business of multi-brand retail trade.

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