Future Retail gains on the BSE
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Future Retail is currently trading at Rs. 48.90, up by 0.75 points or 1.56% from its previous closing of Rs. 48.15 on the BSE.
The scrip opened at Rs. 48.15 and has touched a high and low of Rs. 50.20 and Rs. 47.10 respectively. So far 206923 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 168.00 on 01-Sep-2020 and a 52 week low of Rs. 40.60 on 01-Apr-2021.
Last one week high and low of the scrip stood at Rs. 50.40 and Rs. 45.20 respectively. The current market cap of the company is Rs. 2662.61 crore.
The promoters holding in the company stood at 20.56%, while Institutions and Non-Institutions held 8.68% and 70.76% respectively.
Fitch Ratings has affirmed Future Retail’s issuer default rating at ‘C’ and the rating on its USD500 million, 5.6 per cent senior secured notes due 2025 at ‘C’ while revising the recovery rating to ‘RR5’ from ‘RR4’.
Fitch has also removed the rating watch positive, which had been placed on both ratings on September 2 last year after the company’s announcement that it was selling its business to Reliance Retail and Fashion Lifestyle (RRFLL), an indirect subsidiary of Reliance Industries.
Future Retail offers food and grocery categories, fresh fruits and vegetables, meat and poultry, dairy products, staples, FMCG and processed foods, electronics and appliances, clothing and footwear, furniture and furnishing, and other household articles.
