Jubilant Food Share Price: Jubilant Food shares drop 0.9% as Sensex rises

Shares of Jubilant Foodworks Ltd. traded 0.9 per cent lower in Thursday’s session at 02:07PM (IST). The stock opened at Rs 3831.0 and has touched an intraday high and low of Rs 3858.0 and Rs 3755.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 4166.4 and a 52-week low of 2069.1. About 12,700 shares changed hands on the counter so far.

Benchmark Nifty50 was up 14.85 points at 16649.50, while the BSE Sensex traded 69.31 points higher at 56013.52 at the time of writing of this report.

In the Nifty pack, 20 stocks traded the day in the green, while 29 were in the red.

Key Financials

For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 901.35 crore, down 14.22 per cent from the previous quarter’s Rs 1050.78 crore and down 124.59 per cent from the year-ago quarter. The company reported net profit of Rs 69.52 crore for the latest quarter.


Promoter Holdings

Promoters held 41.94 per cent stake in the company as of 30-Jun-2021, while FIIs held 41.72 per cent and MFs 8.97 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 2973.03 on August 26, while the 50-DMA was at Rs 3443.42. 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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