Shares of Jubilant Food rise as Nifty gains

Shares of Jubilant Foodworks Ltd. gained 0.73 per cent to Rs 3112.0 in Wednesday's trade as of 12:42PM (IST). It hit a high of Rs 3112.0 and low of Rs 3072.0 during the session.

The stock quoted a 52-week high price of Rs 3331.85 and a low of Rs 1596.25. The return on equity for the stock stood at 16.23 per cent. About 2,015 shares have changed hands on the counter so far.

The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.0.

The scrip has been an outperformer, up 88.39 per cent in the past one year in comparison with a 44.21 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 1596.25 on July 14, while the 50-DMA was at Rs 3078.06. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding
Promoters held 41.94 per cent stake in Jubilant Foodworks Ltd. as of 31-Mar-2021. Mutual funds and foreign institutional investors held 8.81 per cent and 40.87 per cent stake.