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Stock market news: Future Retail shares jump 5%

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NEW DELHI: Shares of Future Retail Ltd. traded 4.97 per cent up in Thursday’s trade at 10:42AM (IST). Around 1,153,235 shares changed hands on the counter.

The stock opened at Rs 95.35 and touched an intraday high and low of Rs 101.3 and Rs 95.35, respectively, in the session so far. Shares of the company of Future Retail Ltd. quoted a 52-week high of Rs 415.05 and a 52-week low of Rs 61.05.

Total market cap of the Future Retail Ltd. stood at Rs 5492.51 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 4492.36 crore for the quarter ended 31-Mar-2020, down 13.5 per cent from previous quarter’s Rs 5193.19 crore and down 17.76 per cent from the year-ago quarter’s Rs 5462.17 crore.

Shareholding pattern

As of 30-Jun-2020, domestic institutional investors held 3.6 per cent stake in the firm, 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 price-to-earnings multiple of 475.95 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.

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