Stock market news: Future Retail shares trade flat in early session

Stock market news: Future Retail shares trade flat in early session
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

A total of 435,622 shares changed hands on the counter till 12:54PM (IST).

Shares of Future Retail Ltd. quoted a 52-week high of Rs 406.6 and a 52-week low of Rs 61.05.

Related Companies

NSE
BSE

PEER COMPANIES

NEW DELHI: Shares of Future Retail Ltd. traded 0.15 per cent up in Friday's trade at 12:54PM (IST). Around 435,622 shares changed hands on the counter.

The stock opened at Rs 100.5 and touched an intraday high and low of Rs 102 and Rs 99.35, respectively, in the session so far. Shares of the company of Future Retail Ltd. quoted a 52-week high of Rs 406.6 and a 52-week low of Rs 61.05.

Total market cap of the Future Retail Ltd. stood at Rs 5451.85 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1358.11 crore for the quarter ended 30-Jun-2020, down 69.77 per cent from previous quarter's Rs 4492.36 crore and down 73.87 per cent from the year-ago quarter's Rs 5197.11 crore.

The net loss for latest quarter stood at Rs 561.95 crore.

Shareholding pattern
As of 30-Jun-2020, DIIs held 3.6 per cent stake in the company, while foreign institutional investors held 10.98 per cent and the promoters 41.73 per cent.

Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -7.68 and a price-to-book ratio of 1.28. 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 Retail Ltd. belongs to the Supermarkets industry.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)