News for Future Lifestyle Fashions Limited (FLFL.NS)

Stocks that will seee action today: Buzzing Stocks: BSE, Zomato, Reliance Industries, RInfra, Adani Enterprises, Adani Energy, PNB, Apollo Hospitals, Angel One, Future Lifestyle, Lupin, Biocon, Zydus Lifesciences, Dr Reddy’s Lab, BEL, ICICI Prudential, REC, SW Solar, Welspun Enterprises, KRBL, Kohinoor Foods, Chaman Lal Setia, Pidilite, NHPC, Mahanagar Gas

Broader markets also came under pressure as BSE mid-cap and small-cap indices turned into the red.

As many as 10 stocks hit their 52-week lows today. BSE stocks such as AF Enterprises, AKI India, Best Eastern Hotels, Bheema Cements and Future Lifestyle Fashions hit their respective one-year low levels. That said, 159 stocks touched their one-year high levels today.

Future Lifestyle Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the corporate insolvency resolution process (CIRP) initiated against this Future group company recently.

Future Lifestyle Fashions has been hit with a claim of INR2,155.5 crore ($289.4m) by 12 creditors following its default on loans. Furthering this, a committee of creditors has since been formed under the Insolvency and Bankruptcy Code, with its first meeting scheduled to take place on 6 June. FLFL, which operates retail chains including Central and Brand Factory in addition to several exclusive brand outlets, was considering asset monetisation to pay debts after entering into a one-time restructuring plan.

Future Lifestyle: As per the provision of the Insolvency & Bankruptcy Code, a Committee of Creditors (CoC) of FLFL has been formed and it will have its first meeting next week.

Lux Industries CFO Saurabh Kumar Bhudolia's last working day will be 15 January 2023

In the week gone by, BSE Sensex slipped 741.87 points or 1.26 percent to close at 58,098.92, while the Nifty50 fell 203.55 points or 1.16 percent to end at 17,327.30.

Based on the open interest future percentage, there were 29 stocks in which short-covering was seen including Delta Corp, India Cements, JK Cement, Vedanta, and AU Small Finance Bank.

The Sensex and Nifty are poised to rise, in line with global peers and strong trends on SGX Nifty futures.

Based on the open interest future percentage, there were 70 stocks including Nippon Life India, IDFC First Bank, Dixon Technologies, Info Edge, and Piramal Enterprises in which short-covering was seen

The Sensex and Nifty are poised to open tad higher on Wednesday, tracking mixed cues from Asia as well as Wall Street and firm trends on SGX Nifty Futures

The key benchmark indices continued to reel under selling pressure on Friday, tracking weakness in global markets. The BSE Sensex fell over 1,000 points to 54,668, while the NSE Nifty shed 316 points to 16,366.

BSE Sensex and Nifty 50 were trading over 1 per cent higher on Thursday, a day of monthly F&O expiry, as bulls made a comeback.

BSE Sensex and Nifty 50 were ruling 1.25 per cent higher on Tuesday, supported by gains in index heavyweights such as Reliance Industries Ltd (RIL), Infosys, ICICI Bank

The sharp correction came on a day when key indices suffered losses

The sharp correction came on a day when key indices suffered losses

BSE Sensex and Nifty 50 were trading over 1 per cent down on Monday, on the back of weak global cues

List of Stocks in Focus Today, 22 April 2022: From Paytm to Tata Communications, here are the key stocks to look out for on Friday's trade.