Jubilant Food shares drop 0.09% as Sensex falls
Jubilant Foodworks Ltd. traded 0.09 per cent down at Rs 580.65 at 12:33PM (IST) on Thursday, even as BSE benchmark Sensex dropped 195.62 points to 79953.26.
The scrip had settled at Rs 581.2 in the previous session. The stock quoted a 52-week high price of Rs 593.7 and 52-week low of Rs 420.85, respectively. As per BSE data, total traded volume on the counter till 12:33PM (IST) stood at 12070 shares with a turnover of Rs 0.7 crore.
At the current price, shares of the company traded at 95.78 times its trailing 12-month EPS of Rs 6.05 per share and 13.63 times its price-to-book value, BSE data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.0.
Shareholding Details
Promoters held 41.94 per cent stake in the company as of 30-Jun-2024, while FIIs owned 20.39 per cent and DIIs 24.39 per cent.
Technicals On the technical charts, the relative strength index (RSI) of the stock stood at 59.84. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Chartists say, RSI should not be seen in isolation, as it may not be sufficient to take a trading call, just the way fundamental
