Future Markets General Share:Shares of Future Markets General, a part of Kishore Biyani's Future Group, fell by 2% to close at Rs 12.47 last Friday. The company's stock was continuously hitting an upper circuit in the last several trading days. It has seen a rise of 80% in a month. During this period, the stock has increased from Rs 6.87 (16 August 2024) to the current price of Rs 12.47. In the last six months, this stock has given a strong profit of 111%. However, in the last five days, this Future Group stock has fallen by 8%. At the same time, in the long term, this stock has caused a huge loss of 93%.

performance of stocks

Shares of Future Markets General have climbed up to 106% so far this year. It has gained 103% in a year. During this period, the stock has increased from Rs 6 to the current price. However, this stock has caused heavy losses in the long term. It has fallen by up to 70% since 2019. On 25 October 2019, the price of this stock was Rs 40. Since 2017, this stock has fallen by 93%. During this period, its price has fallen from Rs 184 (8 September 2017) to Rs 12.41. Currently, the market cap of the company is around Rs 71.76 crore.

Excellent results for the June quarter

Let us tell you that in the first quarter of the current financial year, the net profit of Future Market Networks became much higher than its revenue. The company's profit increased by 586 percent to Rs 83.4 crore, from Rs 12.16 crore during the same quarter last year. Excluding exceptional items, net profit for the quarter fell 40 percent year-on-year to Rs 73.6 lakh. Revenue grew by about 9.7 percent to Rs 24.6 crore during the June quarter as against Rs 22.40 crore last year. Exceptional items include profits from two properties owned by the company. The first property, R-Mall in Mulund-West, Mumbai was taken over by Hero Fincorp Private Limited on May 7, 2024, resulting in a profit of Rs 46.71 crore. The second property, a 10-acre mall in Ahmedabad was subject to securitization by Yes Bank, generating a profit of Rs 34.41 crore. Apart from this, the company also credited Rs 5.05 crore to the lease account, which was paid to Omex Garv Buildtech during the quarter ended June 30, 2024.