Future Retail jumps on bargain hunting

Future Retail rose 5.15% to Rs 533.50 at 12:13 IST on BSE on bargain hunting after a recent slide.

Meanwhile, the S&P BSE Sensex was up 169.46 points, or 0.54% to 31,451.94.

On the BSE, 18,000 shares were traded in the counter so far, compared with average daily volumes of 1.48 lakh shares in the past one quarter. The stock had hit a high of Rs 533.50 and a low of Rs 512 so far during the day.

Shares of Future Retail fell 7.30% in three trading sessions to settle at Rs 507.35 yesterday, 28 September 2017, from its close of Rs 547.30 on 25 September 2017.

 

Future Retail's net profit surged 109.6% to Rs 147.85 crore on 18.2% growth in net sales to Rs 4704.93 crore in Q1 June 2017 over Q1 June 2016.

Future Retail is primarily engaged in the business of multi-brand retail trade.

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