Jubilant Food shares fall 0.69 per cent in Thursday's trading session

Jubilant Food shares fall 0.69 per cent in Thursday's trading session
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Synopsis

The Relative Strength Index of the stock stood at 49.58 on Thursday.

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India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
Shares of Jubilant Foodworks Ltd. fell 0.69 per cent to Rs 3129.55 in Thursday's trade as of 01:47PM (IST) even as the benchmark Nifty ruled at 15769.35, down 110.3 points.

The scrip had closed at Rs 3151.4 in the previous session. The stock quoted a 52-week low of Rs 1596.25 and a high of Rs 3331.85. The company quoted a market-cap of Rs 41327.42 crore on the BSE.

On BSE, 7,100 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 178.39 times its trailing 12-month EPS of Rs 17.55 per share and 17.29 times its book value. The return on equity (ROE) stood at Rs 16.23.

Key Financials
For the quarter ended 31-Mar-2021, Jubilant Foodworks Ltd. reported consolidated sales of Rs 1050.78 crore, down 13.05 per cent from the same quarter a year ago. The company reported 218.22 per cent YoY growth in net profit at Rs 105.42 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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