Jubilant Food shares down 1.35% as Nifty drops

Jubilant Food shares down 1.35% as Nifty drops
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Synopsis

A total of 11,073 shares changed hands on the counter till 01:00PM (IST).

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Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
NEW DELHI: Shares of Jubilant Foodworks Ltd. traded 1.35 per cent down in Tuesday's trade at 01:00PM (IST). Around 11,073 shares changed hands on the counter.

The counter opened at Rs 3090.05 and touched an intraday high and low of Rs 3096.9 and Rs 3025.0, respectively, in the session so far. Shares of the company of Jubilant Foodworks Ltd. quoted a 52-week high of Rs 3331.85 and a 52-week low of Rs 1656.4.

As per BSE, the total market cap of the Jubilant Foodworks Ltd. stood at Rs 40043.37 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1050.78 crore for the quarter ended 31-Mar-2021, down 3.17 per cent from previous quarter's Rs 1085.15 crore and down 13.05 per cent from the year-ago quarter's Rs 929.51 crore.

The net profit for latest quarter stood at Rs 105.42 crore, up 218.22 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2021, domestic institutional investors held 8.97 per cent stake in the firm, while foreign institutional investors held 41.72 per cent and the promoters 41.94 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 172.85 and a price-to-book ratio of 17.29. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. 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.

Jubilant Foodworks Ltd. belongs to the Restaurant & QSR industry.

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