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Jubilant Food shares fall 1.95 per cent in Wednesday’s trading session

Shares of Jubilant Foodworks Ltd. fell 1.95 per cent to Rs 3935.25 in Wednesday’s trade as of 02:10PM (IST) even as the benchmark Nifty ruled at 17961.75, down 37.45 points.

The scrip had closed at Rs 4013.35 in the previous session. The stock quoted a 52-week low of Rs 2393.7 and a high of Rs 4577.45. The company quoted a market-cap of Rs 51967.43 crore on the BSE.

On BSE, 14,245 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 123.94 times its trailing 12-month EPS of Rs 31.77 per share and 26.94 times its book value. The return on equity (ROE) stood at Rs 16.23.

Key Financials

For the quarter ended 30-Sep-2021, Jubilant Foodworks Ltd. reported consolidated sales of Rs 1125.64 crore, up 32.79 per cent from the same quarter a year ago. The company reported 58.19 per cent YoY growth in net profit at Rs 120.24 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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