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Future Enterprises jumps after Q1 net loss narrows

Capital Market 

Future Enterprises rose 4.81% to Rs 28.30 after the company reported a consolidated net loss of Rs 10.51 crore in Q1 June 2019 compared with net loss of Rs 21.05 crore in Q1 June 2018.

Consolidated net sales increased 5.2% to Rs 1,414.73 crore in Q1 June 2019 over Q1 June 2018. The result was announced on Saturday, 10 August 2019.

The S&P BSE Sensex was down 381.79 points or 1.02% at 37,200.12.

On BSE, 96,000 shares were traded in Future Enterprises counter, compared to a 2-week average of 50,000 shares. The stock hit an intraday high of Rs 30.50 and an intraday low of Rs 27.35. It hit a 52-week high of Rs 51 on 10 September 2018 and a 52-week low of Rs 21.50 on 5 August 2019.

Future Enterprises, is an India-based company which is engaged in the business of multi brand retail trading. The company's store networks include over 738 stores in approximately 221 cities, which are operated under various brand names, including easyday and KB's.

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

First Published: Tue, August 13 2019. 14:40 IST