Jubilant Food Share Price: Jubilant Food shares gain 4.02% as Sensex falls

Shares of Jubilant Foodworks Ltd. traded 4.02 per cent higher in Wednesday’s session at 10:00AM (IST). The stock opened at Rs 3225.0 and has touched an intraday high and low of Rs 3331.85 and Rs 3212.1, respectively, during the session so far.

The stock quoted a 52-week high of Rs 3331.85 and a 52-week low of 1596.25. About 47,597 shares changed hands on the counter so far.

Benchmark Nifty50 was down 35.5 points at 15833.75, while the BSE Sensex traded 79.98 points lower at 52693.07 at the time of writing of this report.

In the Nifty pack, 19 stocks traded the day in the green, while 31 were in the red.

Key Financials

For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 1050.78 crore, down 3.17 per cent from the previous quarter’s Rs 1085.15 crore and down 13.05 per cent from the year-ago quarter. The company reported net profit of Rs 105.42 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 2685.51 on June 16, while the 50-DMA was at Rs 2956.56. 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.

Source Link