Future Retail gains after large bulk deal

Future Retail gained 1.18% to Rs 403 at 13:34 IST on BSE after a large bulk deal of 17.18 lakh shares was executed on the scrip at Rs 401.75 per share at 13:34 IST on BSE.

Meanwhile, the S&P BSE Sensex was down 68.16 points, or 0.21% to 32,169.72

Bulk deal boosted volume on the scrip. On the BSE, 18.43 lakh shares were traded in the counter so far, compared with average daily volumes of 86,169 shares in the past one quarter. The stock had hit a high of Rs 405.85 and a low of Rs 398.50 so far during the day. The stock had hit a record high of Rs 448 on 21 July 2017. 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 3 August 2017, rising 7.06% compared with 3.18% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 13.35% as against Sensex's 7.97% rise.

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

Future Retail's net profit rose 17.3% to Rs 123.05 crore on 24.86% rise in total income to Rs 4486.39 crore in Q4 March 2017 over Q4 March 2016.

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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