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Future Consumer slumps about 40% in 10 days

Capital Market 

Future Consumer hit a lower circuit limit of 5% at Rs 9.98, extending recent steep losses.

The stock hit the lower circuit limit for the tenth consecutive session. It has tumbled 39.52% in last ten trading days from its previous high of Rs 16.50 registered on 5 March 2020.

The stock has crashed 79.47% from its 52-week high of Rs 48.60 posted on 28 May 2019.

Future Consumer is engaged in branding, marketing, sourcing, manufacturing and distribution of fast moving consumer goods, food and processed food products.

On a consolidated basis, Future Consumer reported net loss of Rs 8.98 crore in Q3 December 2019 compared with net loss of Rs 5.23 crore in Q3 December 2018. Net sales declined 6.8% to Rs 923.97 crore in Q3 December 2019 over Q3 December 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 20 2020. 15:17 IST