Future Retail nears 52-week low; slumps 21% in eight trading sessions

The stock down 3% to Rs 444 on BSE in early morning trade, quoting close to its 52-week low price of Rs 423 touched on October 8, 2018.

Shares of Future Retail were trading 3% lower at Rs 444 in early morning deals on Friday. The stock was
trading lower for the eighth straight day after the government tightened rules for e-commerce companies. The stock was quoting close to its 52-week low price of Rs 423 touched on October 8, 2018, on BSE in the intra-day trade.

In the past eight trading days, Future Retail has slipped 19% from Rs 564 on December 24, 2018, as compared to a marginal a 0.12% rise in the S&P BSE Sensex.

Kishore Biyani-promoted Future Retail engages in the retail