The Economic Times daily newspaper is available online now.

    Jubilant Food shares rise 0.66 per cent in Tuesday's trading session

    Synopsis

    The Relative Strength Index of the stock stood at 59.43 on Tuesday.

    tech view 2Shutterstock.com
    RSI has turned north from the 60 level, confirming bullishness.
    Shares of Jubilant Foodworks Ltd. rose 0.66 per cent to Rs 453.15 in Tuesday's trade as of 10:46AM (IST) even as the benchmark Nifty ruled at 17770.0, up 26.6 points.

    The scrip had closed at Rs 450.2 in the previous session. The stock quoted a 52-week low of Rs 412.2 and a high of Rs 652.2. The company quoted a market-cap of Rs 29884.39 crore on the BSE.

    On BSE, 54,957 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 70.92 times its trailing 12-month EPS of Rs 6.39 per share and 17.88 times its book value. The return on equity (ROE) stood at Rs 21.61.

    Key Financials
    For the quarter ended 31-Dec-2022, Jubilant Foodworks Ltd. reported consolidated sales of Rs 1341.38 crore, up 9.78 per cent from the same quarter a year ago. The company reported 39.97 per cent YoY de-growth in net profit at Rs 80.36 crore for the latest quarter.

    Technical indicators
    The relative strength index (RSI) of the stock stood at Tuesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

    Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
    Experience Your Economic Times Newspaper, The Digital Way!
    • Front Page
    • Pure Politics
    • Companies
    • Brands & Companies
    • More
      (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

      Download The Economic Times News App to get Daily Market Updates & Live Business News.

      ...more
      The Economic Times

      Stories you might be interested in