Jubilant Food share price: Jubilant Food shares fall as Nifty falls

The shares of Jubilant Foodworks Ltd. slipped 1.97% to Rs 3,666.15 in Thursday trading at 1:56 p.m. (IST). It reached a maximum of Rs 3780.0 and a minimum of Rs 3661.7 during the session.

The stock quoted a 52-week high of Rs 4577.45 and a low of Rs 2545.0. Return on equity for the stock was 16.23%. Around 9,920 shares have changed hands on the counter so far.

The stock’s beta, which measures its volatility relative to the broader market, was 1.0.

The certificate has been an underperformer, up 29.22% over the past year, compared to a 30.04% gain in Sensex.

Techniques

On the technical charts, the stock’s 200-day moving average (DMA) stood at Rs 2545.0 on January 20, while the 50-DMA stood at Rs 3717.12. If a stock is trading well above 50-DMA and 200-DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading well below 50-DMA and 200-DMA at the same time, it is considered to be in a downtrend and if it is trading between these averages, it suggests that the stock can go both ways.

Promoter/Fii Holding

The promoters held a 41.94% stake in Jubilant Foodworks Ltd. as of December 31, 2021. Mutual funds and foreign institutional investors held 9.54% and 39.77% of the capital.

Eleanor C. William