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Retail stocks edge lower after FM proposes easing local sourcing norms for single-brand retail FDI

05 Jul 2019 Evaluate

Retail stocks edged lower after Finance Minister has proposed local sourcing norms to be eased for single-brand retail FDI.

V-Mart Retail is currently trading at Rs. 2191.10, down by 23.80 points or 1.07% from its previous closing of Rs. 2214.90 on the BSE. The scrip opened at Rs. 2202.10 and has touched a high and low of Rs. 2202.10 and Rs. 2188.95 respectively.

Future Retail is currently trading at Rs. 469.00, down by 1.55 points or 0.33% from its previous closing of Rs. 470.55 on the BSE. The scrip opened at Rs. 471.60 and has touched a high and low of Rs. 472.95 and Rs. 465.80 respectively.

SpencerS Retail is currently trading at Rs. 94.55, down by 1.95 points or 2.02% from its previous closing of Rs. 96.50 on the BSE. The scrip opened at Rs. 97.55 and has touched a high and low of Rs. 97.55 and Rs. 94.30 respectively.

Peers
Company Name CMP
Avenue Supermarts 3183.20
Trent 2866.00
Vishal Mega Mart 86.70
PN Gadgil Jewellers 584.90
Aditya Birla Life 71.05
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