Future Lifestyle Fashions Ltd has announced that in the wake of novel coronavirus (COVID-19) outbreak, most of Company's fashion retail stores ('Central', 'Brand Factory', 'aLL' and other exclusive brand stores) have been temporarily shut down, as per the advisory issued by the respective local authorities and State Governments. The Company would also be required to temporarily shut the functional stores, if it is mandated by the advisory issued by the respective 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, drops in footfalls and discretionary spending by the Customer. The expected impact of COVID-19 as of now, is hard to ascertain.
Shares of Future Lifestyle Fashions Ltd was last trading in BSE at Rs.187.05 as compared to the previous close of Rs. 207.8. The total number of shares traded during the day was 2975 in over 85 trades.
The stock hit an intraday high of Rs. 187.05 and intraday low of 187.05. The net turnover during the day was Rs. 556473.