Jubilant Food shares gain 1.63% as Sensex rises
Jubilant Foodworks Ltd. traded 1.63 per cent higher in Monday's session at 10:30AM (IST).
The stock opened at Rs 520.05 and has touched an intraday high and low of Rs 526.55 and Rs 518.55, respectively, during the session so far. The stock quoted a 52-week high of Rs 652.2 and a 52-week low of 412.2.
About 70,416 shares changed hands on the counter so far. Benchmark Nifty50 was up 66.15 points at 19583.15, while the BSE Sensex traded 218.17 points higher at 65939.42 at the time of writing of this report.
In the Nifty pack, 33 stocks traded the day in the green, while 17 were in the red.Key Financials For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 1343.88 crore, up 4.21 per cent from the previous quarter's Rs 1289.6 crore and up 6.17 per cent from the year-ago quarter. The company reported net profit of Rs 28.92 crore for the latest quarter.Promoter Holdings Promoters held 41.94 per cent stake in the company as of 30-Jun-2023, while FIIs held 25.22 per cent and MFs 15.97 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 491.77 on August 07, while the 50-DMA was at Rs 486.94.
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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