Future Lifestyle Fashions surged 6.76% to Rs 60 at 11:50 IST on BSE after three block deals aggregating 10.15 lakh shares were executed in the counter on BSE.
A block deal of 3.75 lakh shares was executed at Rs 56.75 per share at 10:21 IST. Another block deal of 4 lakh shares was executed at Rs 57 per share at 10:32 IST. Third block deal of 2.4 lakh shares was executed at Rs 56.75 per share at 10:54 IST. The three block deals constitute 0.65% of Future Lifestyle Fashions' equity.
Meanwhile, the S&P BSE Sensex was up 144.46 points or 0.71% at 20,564.72.
On BSE, 11.58 lakh shares were traded in the counter as against average daily volume of 80,000 shares in the past two weeks.
The stock hit a high of Rs 63.05 and a low of Rs 56 so far during the day. The stock had hit a record high of Rs 148 on 1 October 2013. The stock had hit a record low of Rs 55.30 on 22 November 2013.
Future Lifestyle Fashions is an integrated fashion company with presence across key segments within the fashion industry i.e. designs to distribution. The company's business has been designed to capture the trend of consumers getting more attuned to fashion and brand preferences. The company has a portfolio of fashion brands that cover the entire gamut of sub-categories including formal menswear, casual wear, active or sportswear, women's ethnic wear, women's denim wear, women's casual wear, footwear and accessories and are present across various price points.
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