Jubilant Food shares up 0.32% as Sensex rises

Shares of Jubilant Foodworks Ltd. gained 0.32 per cent to Rs 499.2 in Monday's session as of 10:51AM (IST) even as the equity benchmark Sensex traded 115.43 points higher at 60376.61.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 805.47 and a 52-week low of Rs 451.6 on NSE. Around 10170 shares changed hands on the counter till 10:51AM (IST).

The stock opened at Rs 503.4 and has touched an intraday high and low of Rs 503.4 and Rs 498.2 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 69.37, earnings per share (EPS) of Rs 7.2 and price to book value (PB) of 17.88, while the return on equity (ROE) stood at Rs 21.61.

Promoter/ FII Holding
The promoters held 41.94 per cent stake in the company as of January 16, while FII and MF ownerships stood at 29.8 per cent and 13.82 per cent, respectively.

Key Financials
With a market capitalisation of Rs 32946.07 crore, the company operates in the Restaurant & QSR industry. For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 1311.92 crore, up 3.65 per cent from the previous quarter?s Rs 1265.75 crore and up 16.55 per cent from the same quarter a year ago. The company reported net profit of Rs 131.53 crore for the latest quarter, up 9.39 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 39.98. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition 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.