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Why Future Retail share price rose 20% today.

Stock price of Future Retail has jumped 16% in one week and 8.5% in one month. Future Retail shares trade higher than 5, 20, 50 and 100-day but lower than 200-day moving averages. Market capitalisation of the firm stood at Rs 6,495 crore as of today's session.


Future Retail share price surged almost 20% in Wednesday's session following reports that Reliance Industries was in late-stage talks with Kishore Biyani-led Future Group to buy controlling stake in its retail business.


The companies have reportedly reached a common accord regarding certain terms and conditions and a deal is likely to be announced soon. Reliance Industries might acquire Kishore Biyani-controlled Future Group's retail business for Rs 24,000-27,000 crore.


Following the update, the share price of Future Retail opened at Rs 101 and later climbed 19.98% to the intraday high of Rs 119.8 on BSE against the earlier close of Rs 99.85.

Share price of Future Retail has gained after 3 days of consecutive fall. The stock has traded in a wide range of Rs 19.85.


Stock price of Future Retail has jumped 16% in one week and 8.5% in one month. Future Retail shares trade higher than 5, 20, 50 and 100-day but lower than 200-day moving averages. Market capitalisation of the firm stood at Rs 6,495 crores.


Ref: BT


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