Shares of Jubilant Food fall as Nifty drops

Shares of Jubilant Food fall as Nifty drops
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Synopsis

On the technical charts, the 200-day moving average of the stock stood at Rs 3536.43.

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Nifty moved in a tight range of 82 points, and ended slightly below the psychologically crucial level of 15,700.
Shares of Jubilant Foodworks Ltd. slipped 1.97 per cent to Rs 3666.15 in Thursday's trade as of 01:56PM (IST). It hit a high of Rs 3780.0 and low of Rs 3661.7 during the session.

The stock quoted a 52-week high price of Rs 4577.45 and a low of Rs 2545.0. The return on equity for the stock stood at 16.23 per cent. About 9,920 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 underperformer, up 29.22 per cent in the past one year in comparison with a 30.04 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 2545.0 on January 20, while the 50-DMA was at Rs 3717.12. 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-Dec-2021. Mutual funds and foreign institutional investors held 9.54 per cent and 39.77 per cent stake.

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