FEL has been consolidating from September 2016 and has formed a good base near 15.5 & 16 levels the stock has hardly made any move over the past three months and looks likely of making a breakout above 18 and testing levels of 21. One can buy with 6 months time frame with Price target of 21-30. Upside of Almost 50%.The combination of businesses of Future Retail Limited brought together seven leading retail formats, Big Bazaar, EasyDay, Home Town, eZone, Food Bazaar, fbb and Foodhall, which collectively operate 738 retail stores in 221 cities, spread over 13 million square feet of retail space.
(Demonetization Beneficiary).People prefer malls and super markets as they accept cards
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