Shares of Jubilant Food fall as Nifty gains
Jubilant Foodworks Ltd. slipped 0.21 per cent to Rs 569.05 in Wednesday's trade as of 01:19PM (IST). It hit a high of Rs 576.0 and low of Rs 566.5 during the session.
The stock quoted a 52-week high price of Rs 586.35 and a low of Rs 412.2. The return on equity for the stock stood at 17.33 per cent. About 68,078 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, up 9.56 per cent in the past one year in comparison with a 17.31 per cent gain in Sensex.
Technicals On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 412.2 on December 27, while the 50-DMA was at Rs 535.95.
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.
