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    Jubilant Food shares down 3.48% as Nifty drops

    Synopsis

    A total of 99,550 shares changed hands on the counter till 12:29PM (IST).

    marketsAgencies
    India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
    NEW DELHI: Shares of Jubilant Foodworks Ltd. traded 3.48 per cent down in Friday's trade at 12:29PM (IST). Around 99,550 shares changed hands on the counter.

    The counter opened at Rs 499.95 and touched an intraday high and low of Rs 499.95 and Rs 475.6, respectively, in the session so far. The stock of Jubilant Foodworks Ltd. quoted a 52-week high of Rs 706.75 and a 52-week low of Rs 451.6.

    Total market cap of the Jubilant Foodworks Ltd. stood at Rs 32589.75 crore at the time of writing this report.

    Key Financials
    The company reported consolidated sales of Rs 1311.92 crore for the quarter ended 30-Sep-2022, up 3.65 per cent from previous quarter's Rs 1265.75 crore and up 16.55 per cent from the year-ago quarter's Rs 1125.64 crore.

    The net profit for latest quarter stood at Rs 131.53 crore, up 9.39 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 31-Dec-2022, domestic institutional investors held 14.49 per cent stake in the firm, while foreign institutional investors held 26.77 per cent and the promoters 41.94 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 68.62 and a price-to-book ratio of 17.88. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

    Jubilant Foodworks Ltd. belongs to the Restaurant & QSR industry.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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