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    Jubilant Food share price up 0.87 per cent

    Synopsis

    A total of 15,943 shares changed hands on the counter till 12:51PM (IST).

    market-getty-24Getty Images
    Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
    Shares of Jubilant Foodworks Ltd. traded 0.87 per cent up at Rs 494.5 at around 12:51PM (IST) on Wednesday. The stock had closed at Rs 490.25 in the previous session. Equity benchmark Sensex traded 210.0 points higher at 63002.88 around the same time.


    The scrip has declined 5.38 per cent in the last one year till date, while the 30-share index has gained 13.76 per cent during the same period.

    The stock's 52-week high price stood at Rs 652.2 and the 52-week low price at Rs 412.2.

    Trading volume on the counter stood at 15,943 shares, while it quoted a price-to-earnings ratio of 92.04, an EPS value of 5.35 and a price-to-book value of 14.26. In the Nifty50 pack, 39 stocks traded in the green, while 11 stocks were in the red.

    Promoter/FII Holding
    Promoters held 41.94 per cent stake in the company as of 31-Mar-2023, while foreign institutional investors and mutual funds' ownership stood at 25.38 per cent and 15.59 per cent, respectively.

    Key Financials
    For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 1289.6 crore, down 3.86 per cent from the previous quarter's Rs 1341.38 crore and down 8.5 per cent from the year-ago quarter's Rs 1188.61 crore. The company reported net profit of Rs 28.54 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
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