NEW DELHI: Shares of traded 4.99 per cent down in Wednesday’s trade at 10:43AM (IST). Around 57,981 shares changed hands on the counter.
The counter opened at Rs 78.1 and touched an intraday high and low of Rs 78.1 and Rs 78.1, respectively, in the session so far. The stock of Future Retail Ltd. quoted a 52-week high of Rs 382.55 and a 52-week low of Rs 61.05.
The Delhi High Court on Tuesday provided relief to Amazon as it asked Future Group to maintain the status quo in its deal to sell its retail and wholesale assets to Reliance Industries in a major setback for both companies. Amazon has contested the deal between Reliance Industries and Future Group. Future Retail said it will explore all legal remedies and take appropriate steps to pursue the scheme of arrangement.
Total market cap of the Future Retail Ltd. stood at Rs 4235.24 crore at the time of writing this report.
The company reported consolidated sales of Rs 1424.11 crore for the quarter ended 30-Sep-2020, up 4.86 per cent from previous quarter’s Rs 1358.11 crore and up 73.87 per cent from the year-ago quarter’s Rs 5449.06 crore.
The net loss for latest quarter stood at Rs 692.36 crore.
As of 31-Dec-2020, domestic institutional investors held 0.02 per cent stake in the company, while foreign institutional investors held 2.91 per cent and the promoters 28.0 per cent.
According to BSE data, the stock traded at a price-to-earnings multiple of -2.7 and a price-to-book ratio of 0.99. 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.