Share price of Jubilant Food rises as Nifty strengthens
Jubilant Foodworks Ltd. gained 0.05 per cent to Rs 598.9 in Thursday's trade as of 12:13PM (IST). The stock hit a high price of Rs 605.55 and low of Rs 595.55 during the session.
The return on equity (ROE) for the stock stood at 18.39 per cent. Traded volume on the counter stood at 12:13PM shares and turnover at Rs 4.38 crore around that time. The stock of Jubilant Foodworks Ltd. quoted a 52-week high price of Rs 605.55 and 52-week low prices of Rs 420.85, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.0.
Promotor/FII Holding Promoters held 41.94 per cent stake in the company as of 30-Jun-2024, while foreign investors held 20.39 per cent and domestic institutional investors had 24.39 per cent.
Key Financials The company reported consolidated sales of Rs 1594.13 crore for the quarter ended 31-Mar-2024, up 15.33 per cent from previous quarter's Rs 1382.27 crore and up 23.61 per cent from the year-ago quarter's Rs 1289.6 crore. Net profit after tax for the latest quarter stood at Rs 207.52 crore, up 627.05 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect «buy» or «sell» opportunities. When the MACD crosses below the signal line, it
