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    Jubilant Food shares up 1.22% as Nifty gains

    Synopsis

    The stock quoted a 52-week high price of Rs 3227.35 and low of Rs 1596.25.

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    Analysts said Nifty faced stiff resistance near 9,500 on Friday and remained mostly rangebound between 9,000 and 9,500 levels.
    Shares of Jubilant Foodworks Ltd. rose 1.22 per cent to Rs 3215.5 in Friday's trade. It hit an intraday high of Rs 3223.7 and low of Rs 3155.4, respectively, during the day.

    The stock quoted a 52-week high price of Rs 3227.35 and low of Rs 1596.25.

    As of 10:26AM (IST), the counter saw total traded volume of 15,389 shares with a traded value of Rs 4.92 crore, according to NSE.
    The stock had closed at Rs 3176.6 in the previous session.

    The scrip has advanced 15.71 per cent in the past one month till date, while the benchmark BSE Sensex has gained 7.82 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 266.32 while price-to-book ratio stood at 17.29. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

    The stock belongs to the Restaurant & QSR industry.

    Promoter/FII Holding
    Promoters held 41.94 per cent stake in the company as of 31-Mar-2021, while FII and MF ownership in the firm stood at 40.87 per cent and 8.81 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 1085.15 crore for the quarter ended 31-Dec-2020, up 28.01 per cent from the previous quarter's Rs 847.68 crore and up 0.22 per cent from the year-ago quarter's Rs 1087.53 crore. Its net profit for the latest quarter stood at Rs 124.13 crore, up 21.95 per cent from the same quarter a year ago.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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