Future Retail touches roof on the BSE
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Future Retail is currently trading at upper limit of Rs. 2.97, up by 0.14 points or 4.95% from its previous closing of Rs. 2.83 on the BSE.
The scrip opened at Rs. 2.69 and has touched a high and low of Rs. 2.97 and Rs. 2.69 respectively. So far 845762 shares were traded on the counter.
The BSE group 'Z' stock of face value Rs. 2 has touched a 52 week high of Rs. 30.45 on 21-Apr-2022 and a 52 week low of Rs. 2.10 on 03-Apr-2023.
Last one week high and low of the scrip stood at Rs. 2.97 and Rs. 2.58 respectively. The current market cap of the company is Rs. 161.06 crore.
The promoters holding in the company stood at 14.31%, while Institutions and Non-Institutions held 9.21% and 76.48% respectively.
The National Company Law Tribunal (NCLT) has granted Future Retail (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. Allowing FRL's plea the Mumbai bench of the NCLT has extended the deadline to July 15, 2023, for concluding the CIRP of FRL. The CIRP was initiated against FRL by NCLT on July 20, 2022, following loan default.
Future Retail is engaged in the business of retailing of fashion, household and consumer products through departmental and neighbourhood stores under various formats across the country.
