Future Group shares gain on expansion plans

Future Retail, Future Lifestyle, Future Consumer, Future Market and Future Enterprises have rallied up to 11% in intra-day trade.

Shares of Future Group companies, Future Retail, Future Lifestyle, Future Consumer, Future Market and Future Enterprises rallied up to 11% on the BSE in intra-day trade after the announcement of plans to open 10,000 member-only Easyday stores by 2022, utilising the technology and data of Alphabet Inc's Google and Facebook Inc.

At 01:37 PM; Future Retail was trading 9% higher at Rs 561, after surging 11% (Rs 573) in intra-day trade on back of heavy volumes. The trading volumes on the counter nearly doubled with a combined 1.78 million shares changed hands on the BSE and NSE so far.