Future Retail slips on profit booking

Future Retail fell 1.38% to Rs 125.40 at 11:02 IST on BSE on profit booking after the stock rose 5% in the preceding two trading sessions to Rs 127.15 on 18 August 2014, from a recent low of Rs 121.10 on 13 August 2014.

Meanwhile, the BSE Sensex was up 76.01 points, or 0.29%, to 26,466.97.

On BSE, so far 39,000 shares were traded in the counter, compared with an average volume of 3.91 lakh shares in the past one quarter.

The stock hit a high of Rs 127.95 and a low of Rs 124.15 so far during the day. The stock hit a 52-week high of Rs 147.85 on 5 May 2014. The stock hit a 52-week low of Rs 63.30 on 17 December 2013.

The stock had underperformed the market over the past one month till 18 August 2014, falling 3.34% compared with 2.92% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 7.12% as against Sensex's 9.41% rise.

The small-cap company has an equity capital of Rs 43.18 crore. Face value per share is Rs 2.

Future Retail reported a net profit of Rs 66.48 crore in Q1 June 2014 compared with net loss of Rs 9.46 crore in Q1 June 2013. Total income jumped 579.83% to Rs 2376.67 crore in Q1 June 2014 over Q1 June 2013. The result was announced after market hours on Thursday, 14 August 2014. The stock market was closed on Friday, 15 August 2014, on account of Independence Day. Shares of Future Retail rose 3.21% to Rs 127.15 on Monday, 18 August 2014.

Figures for the previous financial period have been re-arranged and re-grouped wherever necessary without any restatement on account of the merged business. Accordingly, the previous corresponding period details would not be comparable with the current period, the company in a statement.

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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