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In the BSE 500 index, about 270 stocks ended the week on a negative note while the rest closed with gains. Among the gainers, just 14 counters registered double-digits gain during the week. ....
Future Group shares rise up to 10% after Delhi HC lifts Status Quo order on RIL deal Share of Future Group firm Future Retail gained 9.84% to Rs 80.40 on BSE. The stock has gained after 4 days of consecutive fall BusinessToday.In | February 9, 2021 | Updated 11:28 IST Future Lifestyle share gained 9.35% to Rs 90.60 on BSE Future Group stocks rallied in early trade today after the Delhi High Court stayed the implementation of a single-judge order to Future Retail Ltd (FRL) and various statutory authorities to maintain status quo regarding the Rs 24,713 crore deal with Reliance Retail. While share of Future Consumer rose 8.86% at Rs 8.60, Future Lifestyle share gained 9.35% to Rs 90.60 on BSE. Future Consumer share is trading higher than 5 day, 20 day, 50 day and 100 day moving averages but lower than 200 day moving averages. The stock has lost 61.61% in one year and gained 0.82% since the beginning of this year. ....
Future Group Stocks rose as much as 5% Shares of Future Group companies jumped 5 per cent after stock exchanges approved the group s Rs 24,713 crore-deal to sell its retail assets to Mukesh Ambani-led conglomerate Reliance Industries. The approval takes Future, which operates supermarkets like Big Bazaar and high-end food stores such as Foodhall, a step closer towards sealing a deal that will create country s groceries market leader. The deal had soured ties with Future s business partner Amazon.com Inc, which alleged the transaction breached agreements with Future made in 2019. Amazon raised legal and regulatory challenges to the deal. Future Retail shares, which soared in August after the deal was announced, ended 2020 around 77 per cent lower on Amazon s challenge. ....