Jubilant Food Share Price: Jubilant Food shares gain 0.51% as Sensex rises

Shares of Jubilant Foodworks Ltd. traded 0.51 per cent higher in Thursday’s session at 01:25PM (IST). The stock opened at Rs 2825.0 and has touched an intraday high and low of Rs 2850.2 and Rs 2777.3, respectively, during the session so far.

The stock quoted a 52-week high of Rs 3215.0 and a 52-week low of 1445.6. About 11,197 shares changed hands on the counter so far.

Benchmark Nifty50 was up 74.55 points at 14370.95, while the BSE Sensex traded 198.56 points higher at 47904.36 at the time of writing of this report.

In the Nifty pack, 32 stocks traded the day in the green, while 18 were in the red.

Key Financials

For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 1085.15 crore, up 28.01 per cent from the previous quarter’s Rs 847.68 crore and up 0.22 per cent from the year-ago quarter. The company reported net profit of Rs 124.13 crore for the latest quarter.


Promoter Holdings

Promoters held 41.94 per cent stake in the company as of 31-Mar-2021, while FIIs held 40.87 per cent and MFs 8.81 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2458.83 on April 22, while the 50-DMA was at Rs 2911.24. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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