Future Retail witnesses almost 100% delivery Tuesday

MUMBAI: Future Retail has witnessed almost 100% delivery based buying on Tuesday . Out of 39,24,711 shares traded , delivery of 39,24,448 shares took place, implying delivery volume of 99.99% . This as the share closed down almost 5% at Rs 101.6.
In fact over 95% delivery volumes have happened since September 4 — 97.84% on Friday and 99.96% on Monday . The share has fallen from Rs 118.4 apiece on Thursday to Rs 101.6 on Tuesday , a drop of 14%.

The data indicates purchase at lower levels . After Reliance purchased the Future Group’s retail assets among others , the share jumped to Rs 162.35 on Aug 31 From Rs 135 on August 28 from where it has corrected .

Credit: Stocks-Markets-Economic Times

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