Future Retail is currently trading at Rs. 77.05, up by 1.45 points or 1.92% from its previous closing of Rs. 75.60 on the BSE.
The scrip opened at Rs. 75.95 and has touched a high and low of Rs. 78.00 and Rs. 75.50 respectively. So far 190292 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 275.75 on 22-Jan-2013 and a 52 week low of Rs. 63.30 on 01-Aug-2013.
Last one week high and low of the scrip stood at Rs. 79.25 and Rs. 71.45 respectively. The current market cap of the company is Rs. 1668.08 crore.
The promoters holding in the company stood at 44.56% while Institutions and Non-Institutions held 35.26% and 20.19% respectively.
Future Retail is reportedly planning to widen its reach to remote areas through Big Bazaar Direct. In this regard, Big Bazaar Direct is likely to have 250 franchisees by October-end and it doesn’t require additional funding as of now and would roll out 35 stores in the next one year.
The company is planning to sell 1,800 stock keeping units (SKUs) in the beginning. Moreover, the company may sell high margin products like electronics and gen merchandise, while it will not focus on food items which is a low margin business.
Future Retail’s current debt stands at Rs 4,500 crore and it aims to be a debt free company over next two years. Big Bazaar Direct is a new venture by Future Retail, which owns Big Bazaar outlets all over India.
