Shares of Jubilant Food rise as Nifty gains

Shares of Jubilant Food rise as Nifty gains
ETMarkets.com
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Synopsis

On the technical charts, the 200-day moving average of the stock stood at Rs 687.69.

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Shares of . gained 0.74 per cent to Rs 485.25 in Friday's trade as of 11:26AM (IST). It hit a high of Rs 492.65 and low of Rs 485.0 during the session.

The stock quoted a 52-week high price of Rs 915.49 and a low of Rs 451.6. The return on equity for the stock stood at 16.23 per cent. About 45,544 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, down 18.61 per cent in the past one year in comparison with a 9.87 per cent gain in Sensex.

Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 451.6 on May 20, while the 50-DMA was at Rs 527.43. 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-2022. Mutual funds and foreign institutional investors held 11.86 per cent and 31.87 per cent stake.
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