Friday 20 February 2015

Future Consumer gains 2% on forming subsidiary

The stock has jumped 3.4 per cent to hit 52-week high at Rs. 15.71.
Future Consumer Enterprise is trading on a positive note after the company made investment in Sublime Foods.

 Yesterday, after market, the company informed the BSE about its new investment by way of subscription to the equity shares aggregating to 51 per cent of the paid-up share capital of Sublime. 

The stock has surged 3.4 per cent to hit a 52-week high of Rs. 15.71.

Now, the stock is up 2 per cent at Rs. 15.46. The BSE counter has witnessed trades of around 1 million shares, when compared with two-week daily average volume of 870,000 shares. Meanwhile, the Sensex has slipped 133 points at 29,329

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