Future Retail hits over 3-year low; stock tanks 46% in four days

The management said the significant movement of price of the equity shares of the Company during recent past is due to unprecedented fall across the global markets including India

Shares of Future Retail were locked in the 10 per cent lower circuit for the third straight day at Rs 153.75, hitting a fresh three-year low on the BSE on Monday with only sellers seen on the counter. The stock of the flagship company of the Future Group was trading at its lowest level since January 10, 2017.

In the past four trading days, the stock has tanked 46 per cent, as compared to 9 per cent decline in the S&P BSE Sensex. In the past one month, it has plunged 59 per cent, against 21 per cent fall