Future Retail slips on profit booking

Future Retail fell 4.19% to Rs 79.95 at 11:59 IST on BSE on profit booking after the stock jumped 10.82% in the preceding two trading sessions to Rs 83.45 on 6 January 2014 from a recent low of Rs 75.30 on 2 January 2014.

Meanwhile, the BSE Sensex was down 87.28 points, or 0.42%, to 20,700.02.

On BSE, so far 3.97 lakh shares were traded in the counter, compared with an average volume of 4.99 lakh shares in the past one quarter.

The stock hit a high of Rs 84.15 and a low of Rs 78.80 so far during the day. The stock hit a 52-week high of Rs 275.75 on 22 January 2013. The stock hit a 52-week low of Rs 63.30 on 1 August 2013.

The stock had outperformed the market over the past one month till 6 January 2014, rising 18.28% compared with the Sensex's 1% fall. The scrip had also outperformed the market in past one quarter, gaining 13.85% as against Sensex's 4.38% rise.

The small-cap company has an equity capital of Rs 46.31 crore. Face value per share is Rs 2.

In November 2013, the National Stock Exchange (NSE) had announced that trading in futures and options (F&O) contracts of Future Retail would not be available with effect from 31 January 2014.

Future Retail reported net loss of Rs 9.86 crore in Q2 September 2013, as against net profit of Rs 8.60 crore in Q2 September 2012. Net sales declined 70.13% to Rs 356.06 crore in Q2 September 2013 over Q2 September 2012.

Future Retail, earlier known as Pantaloon Retail (India), is the flagship company of the Future Group. It is leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market.

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