Trending stocks: Future Retail shares gain over 1%

NEW DELHI: Shares of Future Retail Ltd. traded 1.34 per cent up in Friday's trade at 10:35AM (IST). Around 1,717,067 shares changed hands on the counter.

The stock opened at Rs 149.2 and touched an intraday high and low of Rs 149.2 and Rs 137.3, respectively, in the session so far. The stock of Future Retail Ltd. quoted a 52-week high of Rs 483.65 and a 52-week low of Rs 61.05.

Key Financials

The company reported consolidated sales of Rs 5193.19 crore for the quarter ended 31-Dec-2019, down 4.7 per cent from previous quarter's Rs 5449.06 crore and down 3.26 per cent from the year-ago quarter's Rs 5368.46 crore.

The net profit for latest quarter stood at Rs 165.18 crore, down 16.36 per cent from the same quarter a year ago.

Shareholding pattern
As of 19-May-2020, DIIs held 4.03 per cent stake in the firm, while foreign institutional investors held 11.73 per cent and the promoters 41.73 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 11.13 and a price-to-book ratio of 1.85. 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.