Jubilant Foodworks Ltd. shares drop 3.77% as Sensex falls

Jubilant Foodworks Ltd. shares drop 3.77% as Sensex falls
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Synopsis

A total of 20,582 shares changed hands on the counter till 11:28AM (IST)

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As long as Nifty does not close above 11,720, it can slip towards 11,600.

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Shares of Ltd. traded 3.77 per cent down at Rs 2841.35 at 11:28AM (IST) on Monday, even as BSE benchmark Sensex dropped 1365.14 points to 48664.69. The stock had settled at Rs 2952.75 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 3215.0 and Rs 1264.65, respectively.

As per BSE data, total traded volume on the counter till 11:28AM (IST) stood at 11:28AM shares with turnover at Rs 5.97 crore.

At the current price, the stock trades at 236.28 times its trailing 12-month earnings per share of Rs 12.08 per share and 17.29 times its price-to-book value, BSE data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.0.

Shareholding Details
Promoters held 41.94 per cent stake in the company as of 31-Dec-2020, while FIIs owned 39.43 per cent and DIIs 12.75 per cent.

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