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Shares of Jubilant Food rise as Nifty gains

Shares of Jubilant Food  rise  as Nifty  gains
Shares of . gained 0.64 per cent to Rs 556.0 in Wednesday’s trade as of 01:29PM (IST). It hit a high of Rs 556.0 and low of Rs 545.0 during the session.

The stock quoted a 52-week high price of Rs 915.49 and a low of Rs 451.6. The return on equity for the stock stood at 21.61 per cent. About 48,140 shares have changed hands on the counter so far.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.0.

The scrip has been an underperformer, down 24.23 per cent in the past one year in comparison with a 6.64 per cent gain in Sensex.

Technicals

On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 451.6 on July 27, while the 50-DMA was at Rs 535.99. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Promoter/FII Holding

Promoters held 41.94 per cent stake in Jubilant Foodworks Ltd. as of 30-Jun-2022. Mutual funds and foreign institutional investors held 12.6 per cent and 29.8 per cent stake.

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