Stock market news: Future Lifestyle shares down 2%

Stock market news: Future Lifestyle shares down 2%
ETMarkets.com
Synopsis

A total of 136,950 shares changed hands on the counter till 10:39AM (IST).

The shares of Future Lifestyle quoted a 52-week high of Rs 470.0 and a 52-week low of Rs 91.4.

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NEW DELHI: Shares of Future Lifestyle Fashions Ltd. traded 2.3 per cent down in Monday's trade at 10:39AM (IST). Around 136,950 shares changed hands on the counter.

The counter opened at Rs 106.7 and touched an intraday high and low of Rs 106.7 and Rs 101.4, respectively, in the session so far. The stock of Future Lifestyle Fashions Ltd. quoted a 52-week high of Rs 470.0 and a 52-week low of Rs 91.4.

Total market cap of the Future Lifestyle Fashions Ltd. stood at Rs 2100.48 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 85.82 crore for the quarter ended 30-Jun-2020, down 94.05 per cent from previous quarter's Rs 1442.96 crore and down 94.43 per cent from the year-ago quarter's Rs 1540.3 crore.

Shareholding pattern
As of 30-Jun-2020, domestic institutional investors held 4.57 per cent stake in the firm, while foreign institutional investors held 22.92 per cent and the promoters 45.78 per cent.

Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -4.88 and a price-to-book ratio of 1.29. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Future Lifestyle Fashions Ltd. belongs to the Retail - Apparel/Accessories industry.
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