Future Retail attracts buyers after reporting decent Q4 results

Future Retail gained 3.15% to Rs 313.90 at 12:00 IST on BSE after net profit rose 17.3% to Rs 123 crore on 25.31% rise in total income from operations to Rs 4483.84 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 23 May 2017.

Meanwhile, the S&P BSE Sensex was up 111.37 points, or 0.37% to 30,476.62.

On the BSE, 57,966 shares were traded in the counter so far, compared with average daily volumes of 1.18 lakh shares in the past one quarter. The stock had hit a high of Rs 318.60 and a low of Rs 307 so far during the day. The stock had hit a record high of Rs 399 on 11 May 2017. The stock had hit a record low of Rs 116.10 on 5 December 2016.

The stock had underperformed the market over the past one month till 23 May 2017, rising 0.13% compared with Sensex's 3.41% gains. The scrip had, however, outperformed the market in past one quarter, advancing 29.96% as against Sensex's 5.1% rise.

The large-cap company has equity capital of Rs 94.36 crore. Face value per share is Rs 2.

Future Retail operates hypermarket and home solutions retail formats. It is the flagship company of Future Group, and India's retail pioneer catering to the entire Indian consumption space.

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