Future Retail locked at 5% upper circuit; lists at Rs 153 per share

Future Retail, a flagship company of Future Group, which operates in multiple retail formats in hypermarkets and supermarkets got itself listed on BSE on Monday, August 29. The listing is interesting as Future Retail has now been locked in upper circuit on its first day itself. The stock got listed at Rs 153.4 per share and hit the 5 per cent upper circuit and is now quoting at Rs. 160.65 per share. There are only buyers in the scrip and no sellers available.

Future Retail operates through various brands like Big Bazaar, FBB, Food Bazaar, Foodhall, ezone , Home Town, KB's and easy day. The stock is currently listed in the T Group category as specified by BSE.

Retail sector in India is going through a transformation phase with the advent of e-commerce players. Players like Amazon and Flipkart have challenged the way traditional retailers operate profitably in India. It will be interesting to see how Future Retail adopts and overcomes the challenges posed by the increasing popularity of e-commerce in India.