Wednesday, 13 September 2017

Future Enterprises Bull on Chart buy for Tomorrow Trading ( 13 Sep 2017 )

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in FUTURE ENTERPRISES.

FUTURE ENTERPRISES is the stock which We would recommend to buy above Rs 62.50; this can see a upside to levels closer to Rs 65 - 66 zones, keep stop loss below Rs 59”.


Future Enterprises Limited, formerly Future Retail Limited, is engaged in the business of multi brand retail trading. The Company's store networks include over 738 stores in approximately 221 cities, which are operated under various brand names, including easy day and KB's. The Company's retail business consists of Hypermarket and Supermarket, and Home Solutions. The hypermarket and supermarket business is led by Big Bazaar, fbb, Food Bazaar and Food hall, and the Company operates over 300 Big Bazaar, fbb and food bazaar stores in approximately 244 cities across the country. The home solutions business includes Hometown and Ezone. Hometown is a one-stop destination for home-making solutions. Ezone is a lifestyle format that consists of consumer electronic and durables brands. KB's offers exotic range of food products through over 500 stores. Easy day operates approximately 320 stores in Delhi and the National Capital Region; Punjab; Haryana, and Western Uttar Pradesh.

Stock is trading at 0.67 times its book value & has been maintaining a healthy dividend payout of 27.79%.


FEL was closed 1.12 percent up today at Rs 54.05 at NSE.

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