InvestorQ : What should I do if I am holding some shares of Future Group companies; should I stay invested or exit? Would you recommend fresh positions in Future group stocks?
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What should I do if I am holding some shares of Future Group companies; should I stay invested or exit? Would you recommend fresh positions in Future group stocks?

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Anamika Sodhani answered.
1 year ago
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You will have to be a little cautious about the Future group stocks since they have a problem of too much debt, large chunk of promoter equity pledged (close to 100%) and a very negative operating environment due to the current lockdown. In fact, the Future group stocks have been down for the 11 day in succession on lower circuit, which is not a very good signal of the stock. Most of the rating agencies have also downgraded the bank facilities of the Future group which is going to make fund raising difficult for them. Currently, Biyani is in talks with some large family office investors to take over his promoter stake. The immediate outlook does not look good and stock may crumble further. New positions at this point are virtually ruled out.

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