Future Consumer locked in 10% upper circuit for third straight session

After plunging nearly 50 per cent in February, the company assured that the price movement is not inherent to FCL's fundamentals.

Shares of Future Consumer Products (FCL) were locked in the upper circuit of 10 per cent for the third straight day at Rs 16.50 on the BSE on Thursday after the company said there is no material impact of coronavirus on its business.

The stock of the Future Group company, engaged in packaged foods, has rallied 38 per cent from its an over four-year low price of Rs 12 touched on Monday, March 2, 2020 in the intra-day trade. 

Till 11:53 am, a combined 2.61 million shares have changed hands on the counter and there are pending buy orders for