Future Ventures India is currently trading at Rs. 8.01, up by 0.03 points or 0.38% from its previous closing of Rs. 7.98 on the BSE.
The scrip opened at Rs. 8.08 and has touched a high and low of Rs. 8.10 and Rs. 8.01 respectively. So far 8380 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 9.99 on 28-Sep-2011 and a 52 week low of Rs. 7.80 on 07-May-2012.
Last one week high and low of the scrip stood at Rs. 8.10 and Rs. 7.90 respectively. The current market cap of the company is Rs. 1262.57 crore.
The promoters holding in the company stood at 37.32% while Institutions and Non-Institutions held 6.86% and 55.82% respectively.
Future Ventures India (FVIL) has made an additional investment in Future Consumer Enterprises (FCEL), a wholly owned subsidiary of FVIL, by subscribing to further issue of equity shares and fresh issue of 0% Optionally Fully Convertible Debentures (OFCD) of FCEL, aggregating to a sum of Rs 120.00 crore. In terms of the same, initial investment of Rs 2.00 crore has been made by way of subscription to the equity shares issued by FCEL.
FCEL is predominantly engaged in product development, designing, branding and distribution of FMCG products under brands such as Tasty Treat, Clean Mate, Care Mate, Premium Harvest, and Fresh and Pure, SACH, Disney and Ektaa. FCEL currently markets its products through stores owned by the Future Group. The total revenue of FCEL for the financial year ended March 31, 2012 was Rs 107.69 crore as against Rs 81.32 crore for the year before.
Further, FCEL has plans to deploy the proceeds arising out of the above mentioned issue of securities, towards acquisition of chains of shops under convenience stores format, from Future Value Retail, one of the group companies of FVIL. The format shop has presence across Delhi, Maharashtra and Karnataka and operates a chain of over 180 such convenience stores.
This acquisition by FCEL is expected to facilitate promotion of the aforesaid brands and products and spread its footprint to explore newer opportunities.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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