Future Consumer Enterprise rose 2% to Rs 8.16 at 12:30 IST on BSE after the company said its board at a meeting held on Thursday, 19 June 2014, approved making investment in Sarjena Foods by way of acquisition of 35% stake in the company.
The announcement was made after market hours on Thursday, 19 June 2014.
Meanwhile, the S&P BSE Sensex was up 1.62 points or 0.01% at 25,203.42.
On BSE, so far 1.04 lakh shares were traded in the counter as against average daily volume of 6.57 lakh shares in the past one quarter.
The stock hit a high of Rs 8.43 and a low of Rs 8 so far during the day. The stock had hit a 52-week high of Rs 9.47 on 11 June 2014. The stock had hit a record low of Rs 4.51 on 26 November 2013.
Also Read
The stock had outperformed the market over the past one month till 19 June 2014, advancing 16.28% compared with the Sensex's 3.44% rise. The scrip had also outperformed the market in past one quarter, jumping 62.6% as against Sensex's 15.43% rise.
The small-cap company has equity capital of Rs 958.79 crore. Face value per share is Rs 6.
Sarjena Foods is engaged in the business of manufacturing and distribution of branded bakery products under the name and style 'Baker Street'.
Future Consumer Enterprise reported a consolidated net loss of Rs 30.83 crore in Q4 March 2014, higher than net loss of Rs 24.55 crore in Q4 March 2013. Net sales rose 91.2% to Rs 315.64 crore in Q4 March 2014 over Q4 March 2013.
Powered by Capital Market - Live News
