Shares of Future Markets General, part of Kishore Biyani's Future Group, fell 2% on Friday to Rs. Closed at 12.47. The shares of the company have been in the upper circuit continuously for the last several trading days. It has seen a growth of 80% in one month. During this period, these shares traded at Rs. 6.87 (16 August 2024) to Rs. has reached the current price of 12.47.
The stock has given a huge profit of 111% in the last six months. However, shares of Future Group have fallen 8% in the last five days. At the same time, this stock has lost a whopping 93% over the long term.
Shares of Future Markets General are up 106% so far this year. It has increased by 103% in one year. During this period, the stock has risen from Rs 6 to its current price. However, this stock has suffered huge losses in the long run. It has decreased by 70% since 2019.
On 25 October 2019, the share price was Rs 40. The stock is down 93% since 2017. During this period, its price has fallen from Rs 184 (8 September 2017) to Rs 12.41. Currently the market cap of the company is Rs. 71.76 crores is around.
Let us tell you that the net profit of Future Market Networks was much higher than its revenue in the first quarter of the current financial year. The company's profit in the same quarter last year was Rs. 12.16 crore increased by 586 percent to Rs. 83.4 crores. Excluding exceptional items, net profit in the quarter fell 40 percent year-on-year to Rs. 73.6 lakhs.
In the June quarter, revenue rose nearly 9.7 percent to Rs. 24.6 crore which last year was Rs. 22.40 crores. Exceptional items include profits from two properties owned by the company. The first asset, R-Mall in Mulund-West, Mumbai, was acquired by Hero Fincorp Pvt Ltd on May 7, 2024, resulting in Rs. 46.71 crore profit was made.
Another asset, a 10-acre mall in Ahmedabad, was under securitization by Yes Bank, which raised Rs. 34.41 crore profit was made. Further, the company has recorded in the lease account Rs. 5.05 crores credited to Omaxe Garv Buildtech during the quarter ending June 30, 2024.
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