Jubilant Food shares up 0.23% as Nifty gains

Jubilant Food shares up 0.23% as Nifty gains
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Synopsis

A total of 39,891 shares changed hands on the counter till 12:48PM (IST).

Reuters
Investors should therefore use dips towards 15,200-15,400 to their advantage to accumulate quality largecaps and midcaps.
NEW DELHI: Shares of Jubilant Foodworks Ltd. traded 0.23 per cent up in Thursday's trade at 12:48PM (IST). Around 39,891 shares changed hands on the counter.

The counter opened at Rs 2620.0 and touched an intraday high and low of Rs 2645.0 and Rs 2602.0, respectively, in the session so far. The stock of Jubilant Foodworks Ltd. quoted a 52-week high of Rs 4577.45 and a 52-week low of Rs 2444.0.

As per BSE, the total market cap of the Jubilant Foodworks Ltd. stood at Rs 34564.01 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 1221.88 crore for the quarter ended 31-Dec-2021, up 8.55 per cent from previous quarter's Rs 1125.64 crore and up 12.6 per cent from the year-ago quarter's Rs 1085.15 crore.

The net profit for latest quarter stood at Rs 133.88 crore, up 7.85 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2021, DIIs held 9.54 per cent stake in the company, while foreign institutional investors held 39.77 per cent and the promoters 41.94 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 80.56 and a price-to-book ratio of 26.94. 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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