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Shares of Future Group companies were trading higher as Kishore Biyani's retail behemoth Future Group is revamping its 500-odd EasyDay stores to bring it under the new format of EasyDay Club.
The group plans to open 10,000 member-only Easyday stores to make it a Rs 1.5-trillion business opportunity by 2022.
Targeting 10,000 stores by 2022, Future Group chief executive Kishore Biyani said that the group plans to open a store within 2 km of every Indian consumer.
Future Retail shares jumped as much as 13% to Rs 581, Future Consumer 4.8% to Rs 61.20, Future Enterprises 8.85% to Rs 54.70, and Future Lifesytle Fashions 8% to Rs 373.95.
Future Retail shares hit their highest in over two months. The stock posted best intraday percentage gain since July 21.
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