Future Retail Ltd has announced that in the wake of novel coronavirus (COVID-19) outbreak, as directed by Local and State Government offices, most of the stores of the Company, in most of the States, are closed except selling only essential commodities and grocery items. The said stores will operate till the time permitted by the respective local / regulatory authorities.
In view of the uncertainty created globally by this pandemic, the business of the Company is adversely affected by temporarily shut down of stores, de-growth of revenue, sizable drops in footfalls and selective spending on essentials only by the Customers. The expected impact of COVID-19 as of now is hard to ascertain.
Shares of Future Retail Ltd was last trading in BSE at Rs.112.5 as compared to the previous close of Rs. 118.4. The total number of shares traded during the day was 2942 in over 62 trades.
The stock hit an intraday high of Rs. 112.5 and intraday low of 112.5. The net turnover during the day was Rs. 330975.