Jubilant Food shares rise 2.25 per cent in Thursday's trading session

Jubilant Food shares rise 2.25 per cent in Thursday's trading session
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Synopsis

The Relative Strength Index of the stock stood at 57.02 on Thursday.

ETMarkets.com
Shares of Jubilant Foodworks Ltd. rose 2.25 per cent to Rs 2970.1 in Thursday's trade as of 10:10AM (IST) even as the benchmark Nifty ruled at 14919.65, up 55.1 points.

The scrip had closed at Rs 2904.8 in the previous session. The stock quoted a 52-week low of Rs 1486.8 and a high of Rs 3215.0. The company quoted a market-cap of Rs 39165.11 crore on the BSE.

On BSE, 16,895 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 245.74 times its trailing 12-month EPS of Rs 12.08 per share and 17.29 times its book value. The return on equity (ROE) stood at Rs 24.95.

Key Financials
For the quarter ended 31-Dec-2020, Jubilant Foodworks Ltd. reported consolidated sales of Rs 1085.15 crore, up 0.22 per cent from the same quarter a year ago. The company reported 21.95 per cent YoY growth in net profit at Rs 124.13 crore for the latest quarter.

Technical indicators
The relative strength index (RSI) of the stock stood at Thursday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.

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